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Hypurr NFT Fetches $467K As $400K Hack Fear Hits Hyperliquid


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An airdropped Hypurr NFT (non-fungible token) fetched one investor $467K while a $400K hack has hit the Hyperliquid ecosystem.

The assortment, comprising 4,600 NFTs, was launched on the HyperEVM mainnet on Sunday, with the flooring price for the digital property hovering above $70K and trading quantity around the NFTs surging to hundreds of thousands of {dollars}. 

Hypurr NFTs Launched To Reward Early Hyperliquid Backers

Hyperliquid confirmed the launch of the NFTs in a latest X post, and said the objective behind the initiative is to “share a memento with those who believed in and contributed early on to Hyperliquid’s growth.” 

“Each NFT is unique and captures the different moods, hobbies, tastes, and quirks of the Hyperliquid community, as depicted by Hypurr,” the project said in the post. 

The NFTs were distributed to individuals of Hyperliquid’s Genesis Event that took place last November, when the project launched its native HYPE token. 

4,313 NFTs were allotted to individuals of the occasion, while 144 Hypurr NFTs went to the Hyper Foundation. The remaining 143 NFTs were despatched to builders and artists. 

Investor Sells Hypurr NFT For $467K

The flooring price for the NFTs has skyrocketed to 1,578 HYPE, according to knowledge from OpenSea. With the token trading at $47.73 as of 4:42 a.m. EST, this equates to around $75.31K.

The whole trading quantity for the assortment has also soared to 1.3 million HYPE, which is more than $62 million at present costs. 

HYPE’s price has also jumped over 7% in the last 24 hours, knowledge from CoinMarketCap reveals.

Hypurr NFT overview

Hypurr NFT collection overview (Source: OpenSea)

There have, however, already been gross sales properly above the flooring price for Hypurr NFTs. The Hypurr #21 NFT with extraordinarily uncommon “Knight Ghost Armor” and “Knight Helm Ghost” traits went for $467K on Sunday.

Demand for the assortment was also high before the NFTs were even formally launched. DripTrade knowledge reveals that certain property from the assortment were offered for as much as $88K through OTC (over the counter) desks earlier this month. 

Those trades were made potential through DripTrade’s OTC system, which gives patrons and sellers a manner to agree on a set sale price before launch. Sellers are then required to fulfill the commerce within seven days of receiving the NFT, or they will forfeit the collateral that they put ahead as half of the settlement. 

One X consumer, DidiTrading, revealed that they acquired a Hypurr NFT, but said that they will “give the market some time to find equilibrium” before promoting the airdropped digital asset. 

However, the high costs for the NFTs, which are primarily distinctive digital footage of cats that were distributed for free, has drawn criticism online, particularly amid the international cost-of-living disaster.

One X consumer, MoonOverlord, said that Crypto Twitter (CT) “is really a special place in hell,” and criticised recipients of the NFTs who were posting their $50K digital property they acquired for free while the average particular person is “struggling to get by or buy groceries.”

Amid the backlash, there have also been questions around the precise utility of the NFTs. This is after the workforce said in an official doc that “Hypurr NFTs may from time to time be associated with certain benefits, features, or entitlements (‘Utility’), but no Utility is promised or guaranteed under these Terms.”

The launch of the NFTs has also sparked debate about whether it could revive the NFT market after years of stagnation following its 2021 peak.

Hacker Steals $400K Worth Of Hypurr NFTs

While some acquired Hypurr NFTs for collaborating in Hyperliquid’s Genesis Event, one dangerous actor managed to come by eight of the digital property by hacking into a number of wallets. 

According to well-known on-chain sleuth ZachXBT, the hacker stole the NFTs through compromised wallets and profited around $400K. 

According to the HyperEVM blockchain scanner HyperEVMScan, the hacker has a stability of just over 3.8 HYPE tokens, valued at around $185.53. This stability consists of holdings in Lilly (Lilly), USD Coin (USDC) and two Hypurr NFTs.

The two NFTs are Hypurr #2485 and Hypurr #3800, according to the blockchain knowledge. 

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