DBA Dey Propose 45% Cut for HYPE Token Supply and Token Burn Plan
DBA Asset Management don drop propose say make dem cut HYPE token supply by 45% to make valuation clear well well and make investors like di token. Investment Manager Jon Charbonneau share di plan for September 22. Di plan go cancel 421 million unminted HYPE tokens wey dey for community and reward allocations, burn 21 million HYPE from Hyperliquid Assistance Fund, plus remove di fixed 1 billion token cap. If di proposal get green light, any future issue of HYPE token go need proper okay from governance wey Hyperliquid decentralize. Di move na to fight supply dilution wey dey make people lose confidence for HYPE market. E also join well with HYPE announcement for monthly token distribution to team members from November 29 and Hyperliquid governance vote to launch USDH, new US dollar stablecoin by Native Markets. Hyperliquid record $330 billion volume for July with just 11 staff. HYPE token reach 59.30 dollars at top before e drop 22% go around 46 dollars because people dey fear unlock and dem dey take profit. If dem approve am, di supply cut fit make HYPE token price clear more and reduce dilution, and USDH flows fit boost long term trading.
Bullish
Di proposal plan na cut 45% HYPE token supply an burn token directly dey reduce future dilution, wey fit support stronger price performance. For short term, traders fit see volatility around governance vote and token unlock dates, but removing big unminted allocations and making future issuances pass governance go reduce sell-pressure worries. For longer term, tighter supply dynamics and on-chain governance alignment fit increase investor confidence. When dem combine am with upcoming USDH stablecoin launch, wey fit drive more trading volume for Hyperliquid, these factors show say HYPE token get bullish outlook.