The Hyper Foundation distributed the HYPE tokens, the native tokens of the Hyperliquid Network, a high-speed blockchain for decentralized finance (DeFi). The airdrop distributed over $1.6 billion worth of tokens to users, with Hyperliquid users receiving 31% of the total 1 billion supply. Another 38.88% is reserved for future emissions and community rewards, and no tokens were allocated to private investors, centralized exchanges, or market makers.
The airdrop ranks as the seventh-largest in crypto history, surpassing Bonk (BONK) and Optimism (OP) airdrops. Some users received significant allocations. The flagship product on Hyperliquid blockchain is the Perp decentralized exchange (DEX), which has facilitated over $334 billion in total volume since March 2024 and ranks #7 in 24-hour DEX volume on CoinGecko.
The HYPE token’s price increased 38% since launch to $5.40, with a $1.74 billion market cap ranking it #73 overall on CoinGecko.
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<p>The post Hyper Foundation Airdrops $1.6 Billion HYPE Tokens in Historic Launch first appeared on CoinBuzzFeed.</p>
