A free digital cat picture has sent people into a frenzy. On Sunday, an early adopter sold their airdropped Hypurr NFT for $467,000, sparking renewed talk of an NFT comeback in the crypto world.
These NFTs are a new collection consisting of 4,600 Hyperpurr cats. They were given as free rewards to early users of the Hyperliquid platform, a blockchain used for trading.
On the first day of launch, trading volume for these NFTs reached 952,000 HYPE tokens, worth approximately $45 million.
The minimum price for these NFTs on OpenSea reached $68,700. Some rare NFTs sold for even more. One Hyperpurr #21 NFT sold for $467,000.
The crypto community was mixed. Some were saying that such a high price without clear utility could be dangerous. But some were happy, saying that this is how projects reward their early users.
This hype also affected Hyperliquid’s token. The price of the HYPE token increased by 5% to $47.5.
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Why This Matters – Hypurr NFT
After 2021, the NFT market declined, and interest waned. But now, with the advent of Hyper NFTs, it seems people still enjoy collecting digital items, especially when they’re on a new blockchain. It’s not yet known whether this is truly the return of NFTs or just a temporary hype.
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People Also Ask – Hypurr NFT:
What is the Hyperliquid’s Hypurr NFT collection?
Hypurr NFT is a 4,600-piece digital cat collection launched by Hyperliquid on its HyperEVM blockchain. Each NFT is unique, some rarer than others, and can be bought, sold, or collected.
How were Hypurr NFTs distributed?
Hyperliquid airdropped the Hypurr NFTs to early platform users as a reward for supporting the network, particularly participants of the Genesis event in November 2024.
What does airdrop mean in NFTs?
An airdrop is a free distribution of tokens or NFTs to users, often as a reward for loyalty, early adoption, or participation in platform events.
How can someone buy or sell Hypurr NFTs?
Hypurr NFTs are traded on popular NFT marketplaces like OpenSea, where collectors can view listings, floor prices, and completed sales.
