According to hypurrscan data, Swell (SWELL) was sold at a price of $420,000 in the auction on the Hyperliquid platform, higher than the last transaction price of "RIFT" at $385,300.

Hyperliquid's listing process is 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 auctioned and goes live on the Hyperliquid spot market. If the last auction fails, the initial price will reset to $10,000 stablecoin; otherwise, the starting price of the auction will be double the last price.