Hyperliquid has unveiled its Hypurr non-fungible token (NFT) collection, launching 4,600 unique NFTs on its HyperEVM mainnet. The launch immediately attracted attention, with a notable floor price of $68,900 and millions in early trading volume.
The collection honors early adopters of Hyperliquid, a decentralized perpetuals trading platform, and the implementation of HyperEVM, the Layer 1 (L1) general programmability interface of the platform.
According to the Hyper Foundation, the Hypurr NFTs aim to give a “memento with those who believed in and contributed early on to Hyperliquid’s growth.” Each NFT is unique, reflecting the community’s moods, hobbies, and tastes.
Distribution and trading performance
During last November’s genesis event, participants had the chance to opt in to receive a Hypurr NFT. Out of 4,600 NFTs, 4,313 were allocated to early event participants, 144 to the Hyper Foundation, and 143 to developers and artists.
Since its launch around 12:00 a.m. on Sunday, the collection has seen active trading. OpenSea data shows a total trade volume of roughly 1,300,000 HYPE tokens, equivalent to about $61 million. The current floor price is 1,540 HYPE ($73,300), and Hypurr #21 is currently sold at 9,999 HYPE, which is almost $470,000.
Potential risks and utility
While Hypurr NFTs have generated buzz across social media, the Hyper Foundation notes that these NFTs may occasionally come with benefits or features, but no utility is guaranteed. Buyers are supposed to know that NFTs are speculative, subject to price fluctuations, and there is no guarantee of returns.
Meanwhile, Hyperliquid’s native HYPE token has gained 5.27% in the past 24 hours, trading at $46.73 according to CoinMarketCap.
The Hypurr collection marks a milestone for Hyperliquid and a fresh start for NFTs in the market after years of stagnation. However, the excitement and the risks must be considered by the investors and collectors and they must carefully research before joining.
Also Read: Hyperdrive Exploit Leads to $782K Loss on Hyperliquid Network
