BlockBeats reports that on December 19, according to hypurrscan data, a token ticker named 'CREAM' sold for $546,900 in the auction on the Hyperliquid platform, lower than the last sale price of 'GOD' at $975,700.
According to reports, the next auction has begun with a starting price of $1.094 million, and the current bid is $911,700.
BlockBeats notes: The listing process on Hyperliquid involves a Dutch auction lasting 31 hours, 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 double the last price.
