The Hyper Foundation has proposed that HYPE held by the aid fund be considered destroyed and permanently removed from circulation and total supply.

PANews reported on December 17th that the Hyper Foundation posted on the X platform, proposing that validators vote to formally confirm the burning of the Aid Fund's HYPE tokens and permanently remove them from circulation and total supply. The Aid Fund automatically converted transaction fees into HYPE during L1 execution. Similar to the zero address, the Aid Fund's system address never possessed the private key controlling its funds. Unless a hard fork occurs, the funds are mathematically unrecoverable. A vote of "yes" signifies validators' agreement to burn the Aid Fund's HYPE tokens. Since these tokens already reside in a system address without a private key, no on-chain operations are required. This vote constitutes a binding social consensus that no protocol upgrade will ever be authorized to access this address.

Furthermore, on-chain data shows that the Hyperliquid aid fund holds 37.114 million HYPE tokens, worth approximately $1.02 billion, representing about 13.7% of the current circulating supply.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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