HyperLiquid airdrops over $1.2 billion worth of tokens to users as HYPE crosses $4 billion FDV
Powered by @unfolded- HyperLiquid's native token, HYPE, has increased over 11% since its launch, reaching a price of $4.2 and achieving a fully diluted valuation (FDV) of approximately $4.2 billion.
- A significant portion of HYPE, 31% (310 million tokens), was distributed to eligible users through a community airdrop, resulting in strong market activity with trading volumes exceeding $250 million in 24 hours.
- The airdrop has led to substantial gains for recipients, with some users reporting earnings of over $300,000 from their allocated tokens, indicating positive market sentiment.
- HYPE serves multiple functions within the HyperLiquid ecosystem, including staking for network security and acting as the gas token for transaction fees in the HyperEVM execution environment.