The Hyperliquid Relief Fund holds 37.114 million HYPE tokens. 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 U.S. dollars. This accounts for approximately 13.7% of the current circulation. If the destruction proposal of the Hyperliquid Foundation is approved, the circulating supply of HYPE will decrease by 13.7%.

The total supply of HYPE is 1 billion tokens, and the current HYPE market capitalization has reached 7.406 billion U.S. dollars, with a FDV of 27.35 billion U.S. 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 and permanently removed these tokens from circulation and total supply.