Hyperliquid launched its native token, HYPE, on their Layer 1 blockchain with a remarkable performance, witnessing a 125% surge within hours of its debut. This strong price action has led to a fully diluted valuation (FDV) of $4.2 billion.
The initial 31% token airdrop was executed with precision, earning it the title of a 'perfect airdrop' among users. The seamless process was noted for its absence of downtime, delays, and insider issues, setting a high standard for future airdrops.
This impressive start reflects the growing interest and potential in Hyperliquid’s blockchain capabilities, and the market response has been overwhelmingly positive, driving significant attention to the HYPE token.
