Hyperliquid Relief Fund holds 37.114 million HYPE, and if the burn proposal is approved, it will reduce the circulating supply of HYPE by 13.7%.

BlockBeats News, December 17th, on-chain data shows that the Hyperliquid Assistance Fund holds 37.114 million HYPE, equivalent to about 1.02 billion US dollars, accounting for approximately 13.7% of the current circulating supply. If the destruction proposal by the Hyperliquid Foundation is approved, the circulating supply of HYPE will decrease by 13.7%.

The total supply of HYPE is 1 billion tokens, with the current HYPE market capitalization reaching 7.406 billion US dollars and a fully diluted valuation (FDV) of 27.35 billion US dollars.

Previously reported, the Hyper Foundation posted on social media proposing a validator vote to formally acknowledge that the HYPE held by the Assistance Fund has been burned, permanently removing these tokens from circulation and total supply.