cointelegraph.com
Early adopters of the perpetuals-focused layer-1 blockchain Hyperliquid were rewarded handsomely on Sunday after the Hyper Foundation finally airdropped the much-awaited Hypurr non-fungible token collection.
At the time of writing, the Hypurr NFTs have a current floor price of around 1,458 Hyperliquid ($HYPE), or $68,700, according to OpenSea data.
However, there have already been eye-watering sales well above that range. The Hypurr #21 $NFT with the extremely rare “Knight Ghost Armor” and “Knight Helm Ghost” traits went for 9,999 $HYPE worth $467,000 on Sept. 28.
Amid a cost-of-living crisis globally, the novelty of receiving a digital cat picture for free, worth more than some people’s annual salary, was not lost on the crypto community.
“CT is really a special place in hell. Average person struggling to get by or buy groceries and you have people posting their $50,000 hyperliquid cat NFTs they got for free,” said X user MoonOverlord.
While DidiTrading said: “Received an Hypurr $NFT which is valued at $50k. I’m usually not good at valuing these things so I will give the market some time to find an equilibrium before I decide what I will do with it.”
Are Hypurr NFTs set to take over the market?
The Hypurr NFTs were deployed on the HyperEVM on Sept. 28 and depict cartoon cat avatars with a range of different traits.
The NFTs were primarily issued to the most active participants in the “Genesis” event in November 2024, which revolved around the launch of the $HYPE token.
There are 4,600 NFTs in total, with 4,313 going to Genesis event participants and the remainder divided up among the Hyper Foundation and core project contributors, according to a Sept. 28 post on X.
“The goal of the Hypurr $NFT collection was to share a memento with those who believed in and contributed early on to Hyperliquid’s growth. Each $NFT is unique and captures the different moods, hobbies, tastes, and quirks of the Hyperliquid community, as depicted by Hypurr,” the Hyper Foundation post reads.
In terms of 24-hour volume, OpenSea data shows that 952,000 $HYPE have changed hands, worth around $44.6 million at current prices.