Hyperliquid has achieved a significant milestone with its native $HYPE token reaching an all-time high of $9.87. This increase in value comes shortly after the company executed the seventh largest airdrop in the history of cryptocurrency. The event, which took place on Friday, November 29, involved the distribution of 310 million $HYPE tokens to its community.
At the time of the airdrop, $HYPE tokens were valued at $3.90, marking a tremendous rise in value some days later. The success of the airdrop and subsequent price surge has piqued investor interest, branding $HYPE as a potential breakout coin in the industry.
The event and recent high valuation place Hyperliquid among notable players in the cryptocurrency world, drawing attention from both existing and potential investors.
