Crypto Exchange Floats $1B Token Burn to Stabilize Market After Price Plunge
December 17, 2025 · 6:22 PM
Hyperliquid, a decentralized derivatives exchange, has unveiled an ambitious governance proposal that includes a significant HYPE token burn valued at around $1 billion. Announced on December 17, this initiative aims to address recent volatility impacting the valuation of its native asset. The proposal has garnered considerable attention within the crypto sector.
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