The Hyperliquid platform conducted a large-scale giveaway of the Hypurr NFT collection for its early users, generating significant excitement in the digital asset market. As part of this initiative, 4600 unique tokens were distributed, most of which were received by participants of the previous Genesis event, while the remainder went to the Hyper Foundation, the development team, and artists.
This is reported by Business • Media
Market Activity and Record Sales
After the distribution of the Hypurr NFTs, the minimum price of a single token reached 1458 HYPE, equivalent to approximately $68,700. During the first day following the launch, the trading volume of the collection exceeded 952,000 HYPE, or over $44.6 million at the current exchange rate. Individual transactions significantly surpassed the average level: in particular, Hypurr NFT #21 was sold for 9999 HYPE (nearly $467,000), and even before the official launch, some tokens were sold on over-the-counter platforms for prices up to $88,000.
Pre-trading became possible thanks to the DripTrade service, which allows users to agree on a fixed price before the official NFT distribution. Sellers are required to fulfill the terms of the agreement within seven days after receiving the token, or they forfeit their deposit.
Collection Features and Community Reaction
The Hypurr collection features cartoonish images of cats, each with its own characteristics that highlight the diversity of the Hyperliquid community. Organizers emphasized that these NFTs were created as a commemorative souvenir for the platform’s most dedicated supporters and symbolize trust in the ecosystem. Representatives of the Hyper Foundation highlighted the uniqueness of each token and its role in shaping Hyperliquid’s culture.
Despite the high demand and significant value of the Hypurr NFTs, a discussion has emerged on social media regarding the alignment of token price increases with the current economic situation. Many users point out the contrast between the value of NFTs and the financial struggles of ordinary people.
“The average person is barely making ends meet or buying groceries, yet here people are selling their cat NFTs for $50,000 that they received for free,” stated a user under the nickname MoonOverlord.
Previously, ARK Invest CEO Cathie Wood compared the decentralized exchange Hyperliquid to the early stages of the Solana blockchain, noting the platform’s potential to become a leading market player. Additionally, it was recently revealed that the Aster platform surpassed Hyperliquid in daily trading volume, reaching over $25 billion.