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Hyperliquid to Launch HYPE Token Imminently The project will be airdropping 31% of the HYPE supply to early adopters on Nov. 29. By: yyctrader • 0 hours ago Hyperliquid to Launch HYPE Token Imminently One of DeFi’s most anticipated airdrops is set to go live in a few hours.
Hyperliquid, a decentralized exchange that operates on its own bespoke Layer 1 network, will launch its native HYPE token at 730am UTC (230am ET) on November 29.
HYPE is trading at a pre-market valuation of $3 billion on Aevo. If the token were to launch at this price, the airdrop for early adopters would be valued at more than $1 billion, as 31% of the HYPE supply has been allocated to the Genesis event.
The token's total supply is capped at 1 billion, with the distribution plan allocating the vast majority, approximately 69%, for community rewards and future platform growth. Around 30% is reserved for core contributors and the Hyper Foundation budget.
A notable aspect of Hyperliquid's token distribution is the absence of allocations for private investors, centralized exchanges, or market makers, indicating a firm stance on decentralization and community-oriented growth.
Hyperliquid started as a decentralized exchange for perpetuals trading but has broadened its scope with the launch of its Layer 1 chain. The platform is now the number two perpetuals DEX by volume, according to CoinMarketCap.
The blockchain boasts $1.3 billion in total value locked (TVL), putting it ahead of major Ethereum Layer 2s like Optimism, Linea, and Blast, according to DeFiLlama
Hyperliquid to Launch HYPE Token Imminently The project will be airdropping 31% of the HYPE supply to early adopters on Nov. 29. By: yyctrader • 0 hours ago Hyperliquid to Launch HYPE Token Imminently One of DeFi’s most anticipated airdrops is set to go live in a few hours.
Hyperliquid, a decentralized exchange that operates on its own bespoke Layer 1 network, will launch its native HYPE token at 730am UTC (230am ET) on November 29.
HYPE is trading at a pre-market valuation of $3 billion on Aevo. If the token were to launch at this price, the airdrop for early adopters would be valued at more than $1 billion, as 31% of the HYPE supply has been allocated to the Genesis event.
The token's total supply is capped at 1 billion, with the distribution plan allocating the vast majority, approximately 69%, for community rewards and future platform growth. Around 30% is reserved for core contributors and the Hyper Foundation budget.
A notable aspect of Hyperliquid's token distribution is the absence of allocations for private investors, centralized exchanges, or market makers, indicating a firm stance on decentralization and community-oriented growth.
Hyperliquid started as a decentralized exchange for perpetuals trading but has broadened its scope with the launch of its Layer 1 chain. The platform is now the number two perpetuals DEX by volume, according to CoinMarketCap.
The blockchain boasts $1.3 billion in total value locked (TVL), putting it ahead of major Ethereum Layer 2s like Optimism, Linea, and Blast, according to DeFiLlama
Ethereum Co-Founder Jeffrey Wilcke Transfers 20,000 ETH Worth $72.5M to Kraken, Retains 106,000 ETH Valued at $384M - Jeffrey Wilcke, a co-founder of Ethereum, has transferred 20,000 ETH, valued at approximately $72.5 million to the cryptocurrency exchange Kraken. The transaction occurred at 19:59 UTC+8 on November 28, 2024.
Following this transfer, Wilcke retains a significant holding of 106,000 ETH, which is currently worth about $384 million. This move highlights ongoing activity within the Ethereum network as well as the liquidity management strategies employed by its founders.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. $ETH #XRPGoal #bfusd
Robert Kiyosaki Shares $500K Bitcoin Forecast — How It Compares to Other BTC Predictions
Robert Kiyosaki has highlighted AI’s $500,000 bitcoin prediction for 2025, aligning with analysts citing institutional adoption, regulatory shifts, and growing demand.
$500K Bitcoin in 2025? AI and Crypto Experts Share Bold Predictions Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has shared another striking forecast regarding bitcoin’s future. His book, written with Sharon Lechter in 1997, has achieved remarkable success, with over 32 million copies sold in 51 languages across 109 nations. The publication also maintained a spot on the New York Times Best Seller list for more than six years.
Kiyosaki shared on social media platform X this week:
Solana vs. Litecoin and Dogecoin: The Next Crypto ETF Debate
BKCM CEO Brian Kelly recently predicted CNBC’s “Fast Money” that Solana (SOL) could be the next cryptocurrency with a spot exchange-traded fund (ETF) in the United States. Kelly’s prediction came against growing interest in cryptocurrencies and anticipation of the SEC’s decision regarding proposed spot Ether ETFs.
Authors suing OpenAI seek dismissal of copycat lawsuits in New York
The authors claim OpenAI is seeking more favorable conditions in New York following a California court’s rejection of its proposed litigation schedule.
Authors including Michael Chabon, Ta-Nehisi Coates and Sarah Silverman, who are suing artificial intelligence (AI) company OpenAI for copyright infringement, have urged a California court to dismiss parallel lawsuits filed by The New…
Cardano (ADA) price be like: 🚀📈 #crypto #BullRunGems
The recent increase in ADA price can be attributed to broader market uptrends and the network outage experienced by Solana.
This week, Cardano
ADA $0.530 has experienced a notable rise, rising over 8.5% to reach $0.535 by Feb. 8. The bulk of this weekly appreciation, approximately 6.5%, occurred in the last 24 hours, driven by a confluence of technical indicators,…
Massive FTX hack solved? U.S. accuses three people of multiple attacks, including the apparent theft of $400 million from Sam Bankman-Fried's exchange hours after its bankruptcy filing. #ALT #link #TrendingTopic #BTC