HYPE Surges to $4.2 Post-Airdrop
Hyperliquid’s native token, HYPE, launched today, quickly gaining over 11% to reach $4.2. The strong debut pushed the token’s fully diluted valuation to $4.2 billion, with a market cap of $1.4 billion and over $250 million in trading volume.Significant Airdrop Success
As part of its genesis event, Hyperliquid distributed 310 million HYPE tokens to early users via an airdrop. Many recipients reported windfall gains, with some earning up to $300,000. Despite expectations of sell pressure, HYPE has maintained strong upward momentum, reflecting high market demand.Driving Ecosystem Growth
HYPE plays a vital role in the Hyperliquid ecosystem, from securing the HyperBFT network to serving as the native gas token for HyperEVM. The token’s launch cements Hyperliquid’s position as a leader in decentralized trading, with a focus on enhancing utility and decentralization.
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