The unveiling of the Hypurr NFT airdrop collection has sent shockwaves across the crypto industry, exciting many who have been waiting for it. Early users of Hyperliquid, the layer-1 blockchain focused on perpetuals, are rejoicing.
On September 28, the Hyper Foundation sent out the airdrop to its early contributors. Thousands of users received cartoon-style cat avatars, some of which are now selling for crazy amounts of money on secondary markets.
According to OpenSea data, the floor price for Hypurr NFT airdrop is now about 1,458 Hyperliquid (HYPE), or around $68,700. But rare traits have driven prices far higher. Hypurr #21, sporting “Knight Ghost Armor” and “Knight Helm Ghost” qualities, sold the same day for 9,999 HYPE,worth $467,000.
The announcement has stirred debate throughout Crypto Twitter. While some praised the gain, others emphasized the contradiction between increasing NFT values and real-world financial challenges.
“Average person struggling to get by or buy groceries and you have people posting their $50,000 hyperliquid cat NFTs they got for free,” remarked user MoonOverlord.
Another collector, DidiTrading, stated they’re waiting to see how the market settles before making any choices with their recently airdropped NFT.
The Hypurr collection was released on HyperEVM with a total supply of 4,600 NFTs. Of them, 4,313 were handed to attendees of the platform’s “Genesis” event in November 2024, with the remainder assigned to the Hyper Foundation and key contributors.
“The goal of the Hypurr NFT airdrop collection was to share a memento with those who believed in and contributed early on to Hyperliquid’s growth,” the Foundation said in a blog post. “Each NFT is unique and captures the different moods, hobbies, tastes, and quirks of the Hyperliquid community.”
Trading activity has been red-hot since the dip, with OpenSea registering about 952,000 HYPE in volume equal to roughly $44.6 million in only 24 hours.
For now, all eyes are on whether Hypurr NFTs will retain their speed or whether the euphoria will die down as the market finds its equilibrium.
This article was adapted from reporting by Cointelegraph.
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