Hyperliquid Breaks Record with $1.75B Airdrop

Hyperliquid, a trading platform, has made history by dropping nearly $1.8 billion worth of tokens to its users on Day 1.

This massive airdrop, the biggest ever, gave out fully unvested tokens valued at $5.65 each.

To put this in perspective, Hyperliquid has outshined other major airdrops like Starknet, Arbitrum, and dYdX. Here’s how it stacks up against the biggest names:

1. Hyperliquid: $1.75 billion at $5.65 per token.
2. Starknet: $1.6 billion.
3. Arbitrum: $1.5 billion.
4. dYdX: $1 billion.
5. Wormhole: $1 billion.
6. Eigenlayer: $850 million.

Hyperliquid airdropped 1.8 BILLION dollars to retail users. Solidifying its position as one of the most profitable airdrops ever.

Here’s how they did it and why it may never happen again. pic.twitter.com/fmUNydhmf2

— Airdrop Acres (@airdropacres) November 30, 2024

This huge giveaway has crypto fans buzzing and for a good reason. Airdrops are like finding money on the sidewalk—they’re free tokens sent to wallets, often as a reward for using a platform early or holding certain cryptocurrencies.

Why Is This a Big Deal?

Hyperliquid’s record-breaking airdrop has put it in the spotlight, giving it a major boost in the competitive crypto world. Experts say such large-scale giveaways are rare and show that Hyperliquid is serious about rewarding its users. “It’s like Hyperliquid just dropped the mic,” said one industry insider.

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Here’s why Hyperliquid could be the BNB of this crypto cycle $BNB launched at $0.15 and… pic.twitter.com/ACvoyMlqAD

— Evan Luthra (@EvanLuthra) November 29, 2024

The $1.75 billion airdrop surpasses even the most well-known projects. Starknet and Arbitrum, which previously made headlines with billion-dollar drops, now take a backseat to Hyperliquid’s bold move.

What’s Next for Hyperliquid?

The airdrop isn’t just a generous giveaway; it’s a clever strategy to attract more users and build excitement around the platform. By distributing tokens worth so much, Hyperliquid hopes to create a loyal community that sticks around for the long haul.

But the crypto world moves fast, and only time will tell if this strategy pays off. Other projects, like Starknet and Arbitrum, have used airdrops to build strong ecosystems, and Hyperliquid seems to be following in their footsteps.

With the final amount of Hyperliquid points now distributed, the total supply of points is 57.9m.

Based on this, the value per point can be seen in the table below.

At a $3b valuation and 20% airdrop allocation to points holders, 1 point = $10.36. pic.twitter.com/tZ69bboOI7

— Thor Hartvigsen (@ThorHartvigsen) November 27, 2024

The Big Picture

For now, Hyperliquid is the talk of the town, with its airdrop setting a new bar for the crypto industry. Whether this leads to long-term success or fades into the background, one thing is clear: Hyperliquid has made a splash that’s hard to ignore.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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