Hyperliquid’s native token HYPE is approaching the $50 mark after a 24-hour 7.7% increase to approximately $47, driven by the launch of 4,600 Hypurr NFTs on the HyperEVM. The collection launched strongly with a floor near $68,700 and about $45 million in first-day volume.

One rare piece, Hypurr #21, sold for 9,999 HYPE ($467,000), stressing strong demand among NFT traders and Hyperliquid’s early community. Most NFTs were allocated to participants from the November 2024 Genesis Event, with some allocations also made to the Hyper Foundation and core contributors.

Hyperliquid (HYPE) Trading Volume Surges

Hyperliquid’s network excitement coincides with increased derivatives activity: daily spot trading rose, futures volume increased approximately 13.9% to $1.8 billion, and open interest gr

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