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Reveal: Hyper Foundation proposes $1B HYPE token burn
The Hyper Foundation has asked network validators to formally recognize all HYPE held in Hyperliquid’s Assistance Fund as permanently burned, a move that would remove roughly $1 billion worth of tokens from both circulating and total supply metrics. The plan, first reported by ForkLog, reframes a long-standing pool of inaccessible tokens as explicitly out of play.
According to the foundation’s announcement and subsequent media summaries, validators are being asked to vote on the status of those tokens—effectively to cement their burn state without any on-chain transfer. The assets already sit at a system address designed without a private key, meaning they cannot be moved unless the chain were to undergo a disruptive change such as a hard fork.
What is the Assistance Fund—and why does it matter?
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