The quadratic computational cost of processing vision tokens in Multimodal Large Language Models (MLLMs) hinders their widespread adoption. While progressive vision token pruning offers a promising solution, current methods misinterpret shallow layer functions and use rigid schedules, which fail to unlock the full efficiency potential. To address these issues, we propose HiDrop, a framework that aligns token pruning with the true hierarchical function of MLLM layers. HiDrop features two key innovations: (1) Late Injection, which bypasses passive shallow layers to introduce visual tokens exactly where active fusion begins; and (2) Concave Pyramid Pruning with an Early Exit mechanism to dynamically adjust pruning rates across middle and deep layers. This process is optimized via an inter-layer similarity measure and a differentiable top-k operator. To ensure practical efficiency, HiDrop further incorporates persistent positional encoding, FlashAttention-compatible token selection, and parallel decoupling of vision computation to eliminate hidden overhead associated with dynamic token reduction. Extensive experiments show that HiDrop compresses about 90% visual tokens while matching the original performance and accelerating training by 1.72 times. Our work not only sets a new state-of-the-art for efficient MLLM training and inference but also provides valuable insights into the hierarchical nature of multimodal fusion. The code is released at https://github.com/EIT-NLP/HiDrop.