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Cryptocurrency News Articles
HyperLiquid’s HYPE Token Airdrop Delivered Massive Payouts to Users, as the Token Soared From $3.2 to $4.8
Nov 29, 2024 at 11:46 pm
The fully diluted valuation reached $4.8 billion, with a market capitalization of approximately $1.6 billion.
Key Takeaways:
HyperLiquid's HYPE token airdrop resulted in a significant payout to users, with the token surging from $3.2 to $4.8.
The fully diluted valuation reached $4.8 billion, with a market capitalization of approximately $1.6 billion.
The decentralized perpetual trading platform and Layer 1 chain saw its token surge over 24% just a couple of hours after the token generation event.
Over 333 million tokens are now in circulation, while trading volume reached $165 million in the first hour alone.
The token was distributed through a six-month-long community airdrop program, ending in May, where users earned eligibility by accumulating reward points, each point translated to five HYPE tokens.
Recipients of the HYPE airdrop shared their success stories on platform X, with some expressing surprise at the token's value.
User CC2 Ventures posted a screenshot revealing their airdrop exceeded $1 million, thanking the HyperLiquid team.
Another user noted an example where a recipient's HYPE airdrop surpassed $100,000, even though they faced an $8,000 loss on $15,000 in trading activity.
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