If the Hyperliquid destruction proposal is passed, 1 billion HYPE will be destroyed, reducing the circulating supply by 13%

On-chain data shows that the Assistance Fund address of Hyperliquid currently holds 37,114,029 HYPE, corresponding to a value of approximately $1.01 billion. If the Hyperliquid Foundation's burn proposal passes, it will reduce the circulating supply of HYPE by 13%.

Previously, the Hyper Foundation proposed a validator vote to confirm whether to burn the HYPE tokens held by the Assistance Fund, thereby permanently removing them from both the circulating supply and total supply.