CandleFocus

Hyperliquid could have the most valuable airdrop ever

The HYPE airdrop is now the largest in crypto history in terms of paper value. The team behind Hyperliquid initially designated 310 million tokens for the airdrop, with over 94,000 addresses eligible. So far, about 270.94 million HYPE tokens have been claimed, equivalent to approximately 87% of the total. The current value of the HYPE airdrop is almost $7.6 billion, surpassing Uniswap's UNI distribution, which was previously considered the largest airdrop. While it is too early to determine the stickiness of HYPE's token generation event, HYPE has tripled in value since the airdrop and currently has a market cap of $9 billion. Some recipients of the airdrop have sold their tokens, while others have increased their holdings.

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