Hyperliquid, a decentralized permanent trading platform, officially launched its Hypurr NFT collection on HypereVM Mainnet this Sunday. The launch wasn’t merely a symbolic thing. Activities pushed trading volumes to about $45 million, and floor prices rose to nearly $68,900 within hours.
This collection includes 4,600 NFTs designed to recognize early supporters of high lipids, and is a programmable layer that stretches a high lipid layer 1 blockchain to commemorate the development of HypereVM.
How did the distribution occur?
Back in November, when Hyperliquid’s Genesis Event Hype token Referred participants were invited to opt-in to receive exaggerated NFTs. Here’s how the allocation got broken:
- 4,313 NFTS I went to a participant in Genesis
- 144 NFTS It was reserved for hyper foundation
- 143 NFTS Assigned to developers and artists
According to the Hyper Foundation, the idea was to give back to the community. “The goal of the Hypurr NFT Collection was to share memorials with those who believed in and contributed to Hyperliquid’s growth.”
Early market frenzy
The transaction began shortly after midnight on the launch day. Within hours, hype surged in Opensy, earning a volume of around 952,000 hype (approximately $45 million). Currently, floor prices are located at 1,463 hype ($68,930), with individual sales reaching eye-catching levels. For example, Hypurr #21 was sold with 9,999 hype.
Utilities Discussion
Despite the hype, one point of competition was the actual usefulness of the hype NFT. The hyper foundation itself was clear. Hypurr may be associated with perks or qualifications, but certain utilities are not promised or guaranteed.
This disclaimer does not stop speculation. Some in the community view Hypurr as a cultural marker of high lipid rise, while others question whether it is another high-priced collectible with limited long-term value.
Can Hypurr show a wider NFT comeback?
The excitement about the exaggeration arrives at an interesting moment. NFT as a sector has been stagnant since Peak Mania in 2021. The strong debut sparked a conversation about whether high-profile launches like Hypurr could ignite a second wave of NFT adoption, particularly when the platform is tied to functional ecosystems such as trading rewards, governance perks, and exclusive access.
The shock of the hype token
The launch also spills into Hyperliquid’s token market. Hype has increased by 4.65% over the last 24 hours and is trading at $47.14 according to Block’s High-Lipid Prices page. The price movement suggests that investors view Yompurr not only as cultural but also as a financial catalyst for the ecosystem.
Final Thoughts
The launch of $Hypurr has delivered eye-opening numbers, rekindling discussions about the role of NFTs in Web3. It remains to be seen whether it will become a long-term cultural badge of honor or simply another speculative asset. But one thing is clear. Hyperliquid is able to bring the NFT spotlight back to itself, and in itself is a market victory eager to a new story.
