Original Title: "Quick Glance at Hypurr: $400,000 Worth of NFT Airdrop with One Click?"

Original Author: Alex Liu, Foresight News

Legal Disclaimer: On September 30, according to Opensea data, the official deployment of the HyperLiquid distributed Hypurr NFT collection has reached a current trading volume of 1.7 million HYPE, equivalent to $77.35 million. The current floor price has dropped to 1217 HYPE, approximately $55,000, falling over $20,000 from yesterday's peak price of $75,000. The collection consists of 4,600 NFTs, currently held by a total of 3,914 owners, with an ownership dispersion of 85.1%. The following is a detailed introduction to Hypurr, reprinted below:

The Hyper Foundation (Hyperliquid Foundation) announced on the early morning of September 29 that the deployment and distribution of the Hypurr NFT had been completed. The NFT's floor price on Opensea briefly surged to $80,000, and it is currently above 1400 HYPE, valued at over $60,000, or 400,000 Chinese Yuan.

Where does this NFT come from, and why does it hold value? Is the method of acquisition said to be a "click to claim" airdrop?

Hypurr NFT: Hyperliquid's "Community Commemoration"

In the Web3 world, many projects connect with early communities and enhance a sense of belonging through NFTs, airdrops, and other means. Hypurr NFT is a community commemorative NFT launched by Hyperliquid. It is not merely a utility NFT or a financial product promising returns but more of a symbol, an identity, and a cultural icon.

Background and Initial Distribution: Who Can Get the Hypurr NFT

Hyperliquid and HyperEVM

To understand the Hypurr NFT, one must first understand the network architecture behind it. Hyperliquid is an L1 network with decentralized exchange at its core, aiming to facilitate on-chain trading, margin settlements, order matching, and other functions efficiently. Its consensus mechanism is HyperBFT, and this foundational design enables Hyperliquid to be competitive in high-frequency trading and low-latency scenarios.

HyperEVM is a part of the Hyperliquid architecture: it is not a standalone EVM chain but a channel mechanism that allows developers to "trustlessly read the L1 state on-chain and interact with the core module." In other words, HyperEVM has bidirectional interaction capabilities with HyperCore (the foundational state layer of Hyperliquid).

Contracts on HyperEVM can read the L1 state (via read precompiles) and can interact with HyperCore through CoreWriter to establish linkage between the two layers. This design enables DeFi applications developed at the EVM layer to directly leverage Hyperliquid's liquidity infrastructure.

The design of the Hypurr NFT is born out of this infrastructure; it is not a standalone project but a community commemorative initiative within the Hyperliquid framework.

Acquisition Method: Genesis Event and Accredited Distribution

The distribution of the Hypurr NFT was carried out alongside Hyperliquid's Genesis Event in November 2024. According to the official statement from the Hyper Foundation: "Participants can choose whether to claim a Hypurr NFT as a commemorative piece after the launch of HyperEVM."

In fact, only in Hyperliquid's S1 season, the top 5000 in the Platinum tier could see this option. The choice between "token only" and "token plus NFT" indeed perplexed overly suspicious participants. The $400,000 worth NFT is not a "click to claim" but a "miss it, miss out."

Furthermore, the Hyper Foundation conducted a risk assessment of participants and used cluster analysis to limit excessive NFT acquisition by a single address or user, preventing sybil attacks.

Page Note: Hypurr NFT has no planned utility features

In terms of total supply, the Hypurr NFT collection consists of 4,600 pieces, where:

· 4,313 pieces allocated to qualified participants of the Genesis Event

· 144 pieces reserved for the Hyper Foundation itself

· 143 pieces distributed to core contributors (including Hyperliquid Labs, NFT artists, and other early contributors)

Upon completion of the distribution, the Hypurr NFT enters a circulating state. The Hyper Foundation also emphasizes in an official statement: "No additional action is required by users, as the NFTs have already been distributed."

Holder Distribution and Circulation

Currently, there are 4,031 holders of the Hypurr NFT, with a distribution concentration of approximately 87.6%. In other words, the majority of NFTs are held across multiple addresses rather than being highly concentrated.

This distribution is advantageous in avoiding extreme concentration and increasing community engagement. However, it may also lead to liquidity dispersal: if some holders are long-term holders or inactive, active supply may be limited.

Original Intent and Potential Empowerment: Commemoration, Culture, and Future

Commemoration and Community Belonging

The primary goal of the Hypurr NFT is to serve as a commemorative item, used for giving back, motivating, and symbolizing recognition to early project supporters. In official terms, "Share a memorial with those who early believed in and supported the growth of Hyperliquid." According to community observations, each NFT's ID seems to correspond to its ranking on the Hyperliquid leaderboard, with NFTs having lower IDs possessing rarer attributes.

Each Hypurr NFT is designed to reflect the diversity and individuality of the community in artistic design: different emotions, hobbies, tastes, and "quirks" are portrayed in visual art, becoming part of the community's identity.

In this sense, holding a Hypurr NFT may have symbolic identity value within the community context — a mark of "I am an early witness."

Potential Future Empowerment: No Commitment

Although the protocol explicitly does not commit to empowerment (utility), it does not rule out the possibility of adding certain additional benefits to the Hypurr NFT through third parties or on an ecosystem level in the future. The protocol states, "Hypurr NFTs may be associated with certain benefits, features, or empowerment, but these are not guaranteed by the protocol."

This paves the way for future community or ecosystem planning: For example, future events, airdrops, community governance, interactive permissions, etc., may be prioritized based on the ownership of the Hypurr NFT. However, all of this will depend on the subsequent roadmap. Currently, there is no confirmed implementation of additional benefits.

Currently, the price of this NFT is soaring, and the market sentiment is enthusiastic, with many people buying in with the expectation of receiving the "Hyperliquid next season airdrop" benefit. It is important to note that the official stance does not promise an "airdrop" or other empowerment, as this NFT is intended solely as a symbol of "identity."

Original Article Link

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia