According to hypurrscan data, Swell (SWELL) was sold for $420,000 in the auction on the Hyperliquid platform, which is higher than the previous sale price of 'RIFT' at $385,300.

Hyperliquid's listing process involves a Dutch auction lasting 31 hours, during which the token deployment fee decreases linearly from the initial price to $10,000 stablecoin (USDC) until a token is bid on and goes live 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 double the last price.