If Hyperliquid's proposal to burn HYPE is adopted, $1 billion worth of HYPE will be burned, reducing the circulating supply by 13%.

According to Odaily Planet Daily, on-chain data shows that Hyperliquid's Assistance Fund address currently holds 37,114,029 HYPE tokens, equivalent to approximately $1.01 billion. If the Hyperliquid Foundation's burning proposal is passed, it will reduce the circulating supply of HYPE by 13%.

Previously, it was reported that the Hyper Foundation had proposed a validator vote to determine whether to destroy the HYPE tokens held by the Assistance Fund, thereby permanently removing them from the circulating supply and total supply.