Hyper Foundation confirms HYPE burn as validators back Assistance Fund vote
Hyper Foundation confirms HYPE in the Assistance Fund 0xfefe address is permanently burned after an 85% stake-weighted validator vote, removing tokens from total and circulating supply.
- Hyper Foundation says all HYPE at Assistance Fund address 0xfefefefefefefefefefefefefefefefefefefefe is now formally recognized as burned and removed from supply.
- A stake-weighted governance vote saw 85% support, 7% against and 8% abstaining, aligning accounting and on-chain reality over the Assistance Fund balance.
- The move clarifies that the tokens are inaccessible and irrecoverable, resolving uncertainty about potential recirculation and signaling stricter supply transparency.
The Hyper Foundation has confirmed that HYPE (HYPE) tokens sent to the Assistance Fund system address 0xfefefefefefefefefefefefefefefefefefefefe are formally recognized as burned and permanently removed from both circulating and total supply, according to an announcement from the organization.
Hyperliquid tokens sent to Assistance Fund
The decision followed a stake-weighted governance vote in which 85% of voting stake supported recognizing the tokens as burned, 7% voted against, and 8% abstained, the foundation stated.
The confirmation means the tokens held at the Assistance Fund address are no longer accessible or recoverable, according to the announcement. Token burns permanently remove cryptocurrency from circulation, preventing the tokens from being spent, transferred, or reintroduced.
Earlier this month, the Hyper Foundation proposed a validator vote to formally acknowledge the Assistance Fund HYPE as burned, according to the organization. The foundation stated the goal was to align on-chain reality with governance and accounting practices.
The move represents an effort to establish transparent supply management by resolving outstanding questions about token status through stakeholder voting and on-chain finalization, the foundation indicated. The confirmation removes uncertainty about whether the Assistance Fund tokens could return to circulation, according to the announcement.
