On November 29, the Hyperliquid platform held a genesis airdrop of the native HYPE token. During the day, the price of the asset increased by 44% - from the starting $3.2 to $4.6.
According to the developers, over 333 million HYPE were released into circulation. At the time of writing, with a price of $4.6 per token, the total market capitalization of HYPE is about $1.5 billion. The trading volume on the first day exceeded $300 million
According to previously announced plans, 310 million HYPE were distributed within the community as part of the airdrop timed to coincide with the genesis event.
The amount of the hallmark depended on the number of points accumulated by Hyperliquid platform users over six months until May 2024. Each such point brought them five tokens in the airdrop.
