HyperLiquid's native token, HYPE, experienced a significant boost in value and trading volume following its Token Generation Event (TGE) on November 29. The token's price skyrocketed by 101% within just 24 hours, attracting significant attention and trading activity.
This surge in HYPE's performance was observed shortly after the token was distributed through an airdrop, which helped generate initial interest and liquidity for the asset.
As a result of this successful roll-out, HYPE exceeded $600 million in trading volume, marking a strong debut in the cryptocurrency market.