3 Minutes
Early Hyperliquid adopters cash in on Hypurr NFT airdrop
Early adopters of Hyperliquid, a perpetuals-focused layer-1 blockchain, received a major reward this week when the Hyper Foundation distributed the long-awaited Hypurr non-fungible token (NFT) collection. The airdrop has already ignited heavy secondary-market activity, with individual Hypurr NFTs reaching eye-watering prices in both HYPE tokens and USD.
Current floor and standout sales
OpenSea data shows a current floor price near 1,458 Hyperliquid (HYPE), roughly $68,700 at time of writing. But resale figures have exceeded that level: Hypurr #21 — featuring the ultra-rare "Knight Ghost Armor" and "Knight Helm Ghost" traits — traded for 9,999 HYPE, approximately $467,000 on the secondary market. Prior to the public mint, some buyers used over-the-counter (OTC) desks to secure specific Hypurrs for as much as $88,000, according to DripTrade records.
The whopping $467,000 sake of Hypurr NFT #21.
How OTC pre-sales worked
DripTrade’s OTC system allowed collectors to agree on a sale price before the collection launched. Under that arrangement the seller had seven days to deliver the NFT after receiving it on mint day; failing to complete the trade risked forfeiture of collateral posted during the agreement. These OTC deals helped establish strong price signals ahead of OpenSea volume and floor discovery.
Distribution, rarity, and community response
The Hypurr collection was minted on HyperEVM and consists of 4,600 total NFTs. Most — 4,313 pieces — were issued to participants in Hyperliquid’s "Genesis" event from November 2024, which also launched the HYPE token. The remainder was allocated to the Hyper Foundation and early project contributors. Each Hypurr portrays a cartoon cat avatar with diverse traits meant to reflect the community’s personalities and contributions, the Hyper Foundation said in a post on X.
Community reaction and market context
Reactions from the crypto community were mixed: some users celebrated the unexpected windfall while others flagged the optics amid a global cost-of-living squeeze. Social posts highlighted the contrast between free airdropped artwork now worth tens of thousands of dollars and everyday financial pressures faced by many.
Market metrics and short-term outlook
OpenSea reporting shows roughly 952,000 HYPE changed hands in a 24-hour window, equating to about $44.6 million at current prices — underscoring high trading velocity for the new collection. For traders and NFT collectors, the immediate market will likely be shaped by rarity filtering, OTC agreements, and HYPE token liquidity across exchanges.
What collectors should watch
Collectors interested in Hypurr or other airdropped NFTs should track HYPE token market depth, OpenSea listings and floor movements, and any follow-up communications from the Hyper Foundation regarding utility, staking, or future token-gated drops. Given how quickly prices can swing, understanding OTC terms and custody risks remains essential for active participants in NFT markets.
As the Hypurr NFTs settle into the broader NFT ecosystem, they provide a fresh case study in how layer-1 token launches, community incentives, and pre-launch OTC demand can combine to create rapid value appreciation — and significant headlines — in the crypto space.
Source: cointelegraph
Leave a Comment