The recent distribution of the Hypurr NFT collection by Hyperliquid to its early users has ignited significant market activity, with initial token prices reaching substantial valuations. This event highlights the growing trend of rewarding platform participants with digital assets, a strategy that can foster community engagement and drive speculative interest.
On September 28, 2025, Hyperliquid launched its Hypurr NFT collection, distributing them to early adopters. This initiative, designed to acknowledge and reward active community members, quickly captured attention within the digital asset space. The collection’s debut saw a notable surge in trading volume, underscoring the perceived value and desirability of these unique digital items.
According to data from OpenSea, the floor price for Hypurr NFTs climbed to 1458 HYPE, translating to approximately $68,700. Within a 24-hour period, the total trading turnover for the collection exceeded 952,000 HYPE, amounting to roughly $44.6 million at prevailing exchange rates.
Certain transactions demonstrated an even higher valuation. For instance, Hypurr NFT #21 was reportedly sold for 9999 HYPE, a figure close to $467,000 at the time of the transaction. Pre-market trading on over-the-counter platforms indicated potential valuations of up to $88,000 before the official launch, facilitated by platforms like DripTrade that enable pre-scheduled transactions at fixed prices, with sellers obligated to fulfill trades within seven days post-receipt to retain their deposits.
The Hypurr collection comprises 4600 tokens, each depicting a cartoon cat with distinct characteristics. The majority, 4313 tokens, were allocated to participants of the previous year’s Genesis event, while the remainder were distributed among the Hyper Foundation, developers, and artists. Hyperliquid emphasized that the collection serves as a commemorative token, symbolizing the trust placed in its early supporters and reflecting the diverse culture of the Hyperliquid ecosystem.
Despite the substantial market interest and high valuations, some users have voiced concerns on social media regarding the disconnect between the NFT market’s speculative fervor and broader economic realities. This sentiment was captured by a user named MoonOverlord, who observed the stark contrast between individuals struggling with daily expenses and the acquisition of high-value NFTs received at no cost.
In related developments, ARK Invest CEO Cathie Wood previously drew parallels between Hyperliquid and the early stages of Solana’s blockchain development, suggesting a similar growth trajectory for the decentralized exchange. This comparison, made during an interview on the Master Investor podcast, indicated a positive outlook on Hyperliquid’s potential to ascend to market leadership.
Earlier reports indicated that the platform Aster surpassed Hyperliquid in trading volume, registering over $25 billion in a single day.
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