🔥 HYPE PROPOSES PERMANENTLY BURNING THE ASSISTANCE FUND - WILL SUPPLY DROP SHARPLY? Hyper Foundation has just put forward a crucial proposal regarding the fate of the HYPE Token held in its Assistance Fund. If approved, this would be extremely beneficial for tokenomics. 🔍 Specifically: - Current mechanism: Transaction fees are automatically converted into HYPE and sent to the system wallet 0xfef...fefe. - In reality: This wallet does not have a Private Key (similar to a null/burn wallet), money that goes in cannot go out unless it is Hard Fork. - Purpose of the Vote: To confirm "Social Consensus" that this HYPE amount is ALREADY BURNED. A commitment never to upgrade the protocol to "break into the vault" and recover this money. 📉 Impact: - Officially remove these Token from the total supply and circulating supply. - Increase the scarcity of $HYPE. => Slight increase in demand -> sharp increase in price. $HYPE also reacted positively to this news, rising by more than 7% in just one candle. 💡 If you want the supply to decrease, XEM what your Stake Validator is voting for. If they vote No, redelegate to the Yes voting side before December 24th.