Decentralized perpetuals trading platform Hyperliquid has just dropped its Hypurr NFT collection after a long wait, a collection that will be distributed among the early members of the community and supporters. The initial launch on the HyperEVM mainnet is already making waves, with the floor price of the collection skyrocketing to $68,900 and trading volume exceeding $45 million just a few hours after the opening.
Hyperliquid during its early-stage expansion and the release of HyperEVM, the platform’s general programmability layer.
According to the Hyper Foundation, the goal was to craft a cultural artifact for its ecosystem:
“Each NFT is unique and captures the moods, hobbies, and quirks of the Hyperliquid community.”
Distribution was structured as follows:
4,313 NFTs allocated to participants in last November’s genesis event, when Hyperliquid introduced the HYPE token.
144 NFTs granted to the Hyper Foundation.
143 NFTs reserved for developers and artists.
Just after midnight on Sunday, the trading for the collection was opened. Hypurr on OpenSea, within no time, logged a volume of 952,000 HYPE tokens, worth roughly $45 million, thus, in terms of HYPE, the volume hit 952,000 HYPE tokens (approximately $45 million) was achieved. At present, the floor price is 1,463 HYPE (roughly $68,930).
On the other hand, Hypurr #21 was sold for 9,999 HYPE, or almost $470,000, to put it simply, an outstanding early bid was made with Hypurr #21, fetching 9,999 HYPE, which is the equivalent of nearly $470,000.
Even if there was a sensation at the beginning of the event, long-term utility is still a mystery. The Hyper Foundation stated that in no case, lateral issue or exceptions, Hypurr NFTs come with zero guarantees of benefits or rights, but notwithstanding that, they can add new features. Additionally, the release has raised conversations about a return to the NFT market that has been dead for a long time, after reaching its highest point in 2021.
However, the HYPE token (HYPE) was in line with the excitement and was up 4.65% in 24 hours, to $47.14, where it closed.
Hypurr NFTs launch is a new landmark for Hyperliquid, which is a combination of community recognition and high-value digital collectibles. Irrespective of their fate as utility-driven assets or as mere cultural references, their speed to rise positions them as one of the most fascinating introductions in the overall cryptosphere with regard to renewed NFT interest.
