cryptofamily

On November 29, the Hyperliquid platform held a genesis airdrop of the native HYPE token. During the day, the asset price increased by 44% - from the starting $3.2 to $4.6.

According to the developers, over 333 million HYPE were released into circulation. At a price of $4.6 per token, the total market capitalization of HYPE is about $1.5 billion. The trading volume on the first day exceeded $300 million.

310 million HYPE were distributed within the community as part of the airdrop dedicated to the genesis event.

The amount of the hallmark depended on the number of points accumulated by Hyperliquid platform users over six months until May 2024. Each such point brought them five tokens in the airdrop.

Many distribution participants are satisfied with the rewards.  One user received more than $300,000. He noted that he had accumulated about 15,500 points in the rewards program and promised to name his daughter Jeff, likely after the platform's lead developer from Hyper Labs.