BlockBeats news, on December 28, according to hypurrscan data, Swell (SWELL) was sold at an auction on the Hyperliquid platform for $420,000, higher than the last 'RIFT' sale price of $385,300.
BlockBeats note: Hyperliquid's token listing process is a 31-hour continuous Dutch auction, during which the token deployment fee will linearly decrease from the initial price to $10,000 stablecoin (USDC) until a token is bid on and listed on the Hyperliquid spot market. If the last auction fails, the initial price will revert to $10,000 stablecoin; otherwise, the starting price of the auction will be twice the previous price.
