Hyperliquid, a project that uses a Dutch ticker auction to list tokens, has recorded the highest auction amount of $128,345.67. The auction allows users to bid on the rights of tickers every 31 hours. Some critics argue that this process may centralize the token listing process. The auction has featured a variety of tokens, including the SOLV token which raised $128,000. Other top performers include tickers like GENESY, WATAR, STAR, HOLD, and RETARD. Memecoins like PEPE, PUMP, WAGMI, SCAM, and FUN are also listed in the auction. Investors suspect that the recent auction could be part of the Token Generation Event (TGE) for the Solv protocol.



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