The Hyper Foundation has finished giving out the first HYPE tokens, which are special tokens for the Hyperliquid Network. This network is like a very fast computer system that helps people use their money in new ways, without needing banks. They gave away more than $1.6 billion worth of tokens to people because the price of each token went up to $5.40.
People who use Hyperliquid got 31% of all the tokens, while 38.88% are kept for later use and rewards. Importantly, no tokens were given to private investors, big exchanges, or market makers. The $1.5 billion worth of tokens given to the community makes it the seventh-largest token drop in history, better than drops for Bonk (BONK) and Optimism (OP).
Some people said they got a lot of tokens in this drop. Hyperliquid’s Perp is a special place to trade money on their network, which is called a “performant, modern” layer-1 network. This trading place has helped people trade more than $334 billion since March 2024 and ranks #7 in 24 hour DEX volume according to CoinGecko.
Since the launch, the price of HYPE is up 38%, trading at $5.40 with a $1.74 billion market cap, ranking the token #73 overall in market cap according to CoinGecko.
Source
<p>The post Hyper Foundation Airdrops $1.6 Billion HYPE Tokens to Users first appeared on CoinBuzzFeed.</p>
