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Hypurr NFTs Sells For Over $400,000 Following Airdrop From Hyperliquid
NFT Gaming

Hypurr NFTs Sells For Over $400,000 Following Airdrop From Hyperliquid

by admin



Early adopters of the perpetuals-focused layer-1 blockchain Hyperliquid were rewarded handsomely on Sunday after the Hyper Foundation finally airdropped the much-awaited Hypurr non-fungible token collection. 

At the time of writing, the Hypurr NFTs have a current floor price of around 1,458 Hyperliquid (HYPE), or $68,700, according to OpenSea data.

However, there have already been eye-watering sales well above that range. The Hypurr #21 NFT with the extremely rare “Knight Ghost Armor” and “Knight Helm Ghost” traits went for 9,999 HYPE worth $467,000 on Sept. 28. 

Demand was also so high before launch that certain NFTs were sold for as much as $88,000 via OTC desks earlier this month, per DripTrade data.

Such trades were possible through DripTrade’s OTC system, which enables buyers and sellers to agree on a set sale price before launch. The seller must then fulfill the trade within seven days of receiving the NFT, or forfeit collateral put forward as part of the agreement.

The whopping $467,000 sake of Hypurr NFT #21. Source: OpenSea

Amid a cost-of-living crisis globally, the novelty of receiving a digital cat picture for free, worth more than some people’s annual salary, was not lost on the crypto community.

“CT is really a special place in hell. Average person struggling to get by or buy groceries and you have people posting their $50,000 hyperliquid cat NFTs they got for free,” said X user MoonOverlord.

Related: Vesting NFTs top daily sales volume chart: CryptoSlam

While DidiTrading said: “Received an Hypurr NFT which is valued at $50k. I’m usually not good at valuing these things so I will give the market some time to find an equilibrium before I decide what I will do with it.”

Are Hypurr NFTs set to take over the market?

The Hypurr NFTs were deployed on the HyperEVM on Sept. 28 and depict cartoon cat avatars with a range of different traits.

The NFTs were primarily issued to the most active participants in the “Genesis” event in November 2024, which revolved around the launch of the HYPE token.

There are 4,600 NFTs in total, with 4,313 going to Genesis event participants and the remainder divided up among the Hyper Foundation and core project contributors, according to a Sept. 28 post on X.

“The goal of the Hypurr NFT collection was 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 Hyper Foundation post reads. 

In terms of 24-hour volume, OpenSea data shows that 952,000 HYPE have changed hands, worth around $44.6 million at current prices. 

Magazine: ETH co-founder moves $6M of ETH, crypto index ETF expands: Hodler’s Digest, Sept. 21 – 27



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GameFi Guides

Morning Minute: MetaMask Confirms Token, Airdrop SZN Incoming

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Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors retreat after post-FOMC rally; BTC -1% at $116,300
  • Joe Lubin confirms MetaMask token coming “very soon”
  • Plasma sets mainnet debut & XPL token TGE for Sept 25
  • Pump Fun crosses $100M in PUMP buybacks (tho PUMP falls 7%)
  • Kevin Durant regains access to Coinbase wallet lost in 2016 when BTC was $600

🪂 Airdrop Season Incoming

Everyone loves yelling “wen token?”

Well the answer for several major protocols is now “soon.”

📌 What Happened

Yesterday, co-founder of Consensys Joe Lubin confirmed that a MetaMask token is coming “very soon.”

We don’t know any other details beyond that, and betting markets have the MASK token coming in September at just 3%.

So, it’s probably not next week.

But up until now, there was no formal confirmation a token would ever come. Now that has changed.

And add it to the growing list of major protocols dropping tokens sometime soon:

  • OpenSea just moved into the “final phase” of its pre-TGE rewards program and told users to expect token details in early October.
  • On the L2 front, Base finally said the quiet part out loud: Jesse Pollak told reporters the network is exploring a native token, with plans still early.
  • Pump Fun is slightly different from the rest with its PUMP token live for trading, but no airdrop…yet. The PUMP airdrop is expected in Q4 2024 (47% by end of 2025).
  • Meteora materials point to an October TGE for MET.
  • Finally, Polymarket token chatter is back in force alongside reports of a financing round that could value the company as high as $10B.

Airdrop SZN is truly coming.

🗣️ What They’re Saying

“One thing to think about with the MetaMask and Opensea token is that there are a lot of graveyard wallets that have not been onchain in a long time. Depending on how they structure the airdrop, you potentially see a lot of dead wallets forced onchain to claim.” – Threadguy

Joe Lubin took over Sharplink & launched Linea token in the last 3 months.

He’s launching Metamask’s next. This guy is on an absolute heater

— Andy (@ayyyeandy) September 19, 2025

🧠 Why It Matters

This one is pretty easy to explain – we like free money.

Free money is good for the crypto ecosystem.

Airdrops from protocols like MetaMask and OpenSea have long been written off by most users. Now they’re actually incoming, likely in the next 3-6 months.

Not to mention big money coming in the Solana eco in the very near future, courtesy of Meteora and Pump Fun. (And Polymarket is just a fun surprise).

So what does it mean?

Airdrop money typically stays in the casino.

Expect booms in activity on Solana (thanks to MET & PUMP), NFTs (thanks to SEA) and maybe even the broader crypto eco (MASK, POLY).

Plus the timing is great with crypto majors within 10% of ATH, a rate cut cycle just beginning, ETFs about to explode and the DAT trade showing signs of life again.

As the kids say, Q4 is going to be a movie…



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

  • Crypto majors are red and retreating after the post-FOMC rally; BTC -1% at $116,300, ETH +-1% at $4,510, XRP -3% at $3.02, SOL -2% at $240
  • ASTER (+32%), IMX (+10%) and NEAR (+8%) led top movers
  • MSTR stock jumped 7% on Thursday, outperforming Bitcoin’s 2% rally
  • The Bitcoin ETFs saw $163M in net inflows, while the ETH ETFs led with $213M
  • Google Cloud and EigenLayer partnered to make EigenCloud the verifiable backbone for AP2 agentic payments across cards, bank rails, and stablecoins
  • Coinbase introduced USDC lending within its app, allowing users to earn yields up to 10.8% via Morpho
  • The White House is looking at other CFTC chairs after Brian Quintenz’s confirmation has stalled, at least partially due to criticism from the Winklevoss brothers
  • Kraken partnered with Legion to debut “Kraken Launch,” a token-sale platform that brings IPO-style, reputation-scored allocations and early token access to millions of users with its first sale “coming soon.”
  • Kevin Durant regained access to Bitcoin he “lost” access to on Coinbase back in 2016, which he purchased when Bitcoin was ~$600

In Corporate Treasuries / ETFs

  • Brera Holdings rebranded to ‘Solmate,’ and announced a $300M private raise to build a Solana treasury (BREA stock briefly +500%)
  • The DOGE ETF $DOJE did $17M volume in its debut yesterday, enough to notch a top 5 debut for any ETF this year
  • The first Crypto Index ETF launches today from Grayscale, including BTC, ETH, XRP, SOL and ADA

In Memes

  • Memecoin leaders are very red along with majors; DOGE -3%, Shiba -3%, PEPE -3%, PENGU -3%, BONK -3%, TRUMP -2%, SPX -8%, and FARTCOIN -2%
  • 1 led top movers again, up 100% to $12M; MESA +2500% to $2.6M was another notable mover

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap -4% at $13.6B, leaders were red
  • FARTCOIN (-1%), VIRTUAL (-4%), TIBBIR (-5%), aixbt (+1) & ai16z (-4%)
  • HYPER (+41%) and TETSUO (+14%) led top movers
  • Talus Labs debuted its testnet along with $125,000 in cash prizes for a new AI Agent game

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were mostly flat; Punks -1% at 47.9 ETH, Pudgy even at 10.5, BAYC even at 9.3 ETH
  • Cryptodickbutts (+13%) and Meebits (+10%) were top movers
  • Abstract NFTs saw a lot of green led by Roach Racing and Bearish
  • Gondi rolled out its Gondi Purchase Bundler, allowing users to buy NFTs across marketplaces without needing the full purchase amount (using existing loan offers for the difference)

Daily Debrief Newsletter

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MYX
NFT Gaming

Inside Job? MYX Airdrop Scandal Hits $170 Million

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

MYX Finance, a decentralized exchange, is under fire after reports disclosed that close to 10 million MYX tokens — valued at about $170 million at the time — were claimed by a cluster of addresses tied to the project.

Based on reports, on-chain investigators flagged a pattern that suggests many of the claims came from wallets created and used in a coordinated way.

100 Wallets Funded, Then Claimed

According to blockchain trackers, about 100 newly created wallets were funded on April 19 and then used to claim airdrop rewards on May 7.

The timing and similarity of the transactions drew attention because the wallets followed an almost identical sequence of steps: funding, claiming, and then moving tokens.

Reports have disclosed that the total amount moved represented about 1% of MYX’s total supply, a large share for an early distribution program.

BREAKING: The $MYX team is directly tied to wallets that claimed $170M from their airdrop

Inside job?

Here’s what we know 🧵 pic.twitter.com/Kq1ubEgUBU

— Bubblemaps (@bubblemaps) September 11, 2025

Suspicious Transfers Point To Project Links

On-chain evidence has been presented that ties at least one of the claiming wallets to a creator-linked address. Investigators say wallet 0x4a31 sent nearly $3 million worth of MYX to a deposit address, 0xeb5A, which is alleged to be linked to a creator’s wallet, 0x8eEB.

These transfers formed part of the narrative that led observers to call the episode a possible Sybil attack — where one actor controls many addresses to claim disproportionate rewards.

MYXUSDT currently trading at $18.10. Chart: TradingView

Team Denies Wrongdoing, Promises Fixes

MYX Finance has rejected claims that the core team orchestrated a coordinated grab. The project acknowledged that some people asked to change addresses before launch and said some incentive streams had differing anti-Sybil protections.

Based on reports, the team emphasized that a separate campaign called “Cambrian” included stricter checks, and it said it will tighten protections going forward.

Price Reaction And Community Backlash

Market reaction was swift. Reports indicate the token price fell as trust eroded among traders and holders. Community voices on social platforms called for clearer audits and for the team to publish a transparent ledger of airdrop recipients.

Some holders demanded that questionable tokens be frozen or returned, while others warned that strong legal or regulatory moves could follow if proof of intentional misconduct appears.

Investigators say the on-chain patterns are suggestive but not conclusive proof of an inside job. According to reports, links between wallets rely on behavioral analysis and the trace of transfers; critics argue these methods can point to correlations without proving direction or orders.

Featured image from Meta, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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Kinetiq Deposits (DeFiLlama)
Crypto Trends

Yield Hunters Flock to HyperLiquid Staking Ecosytem to Farm Kintetiq’s Airdrop

by admin



Kinetiq, a liquid staking protocol built around Hyperliquid’s HYPE token, has seen an explosion of inflows in recent weeks as users pile in to farm the protocol’s airdrop points campaign.

Total value locked (TVL) on Kinetiq has jumped from roughly $458 million in mid-July to over $2.1 billion today, according to DefiLlama.

While part of the increase can be attributed to a 20% rise in the price of HYPE over the same period, another big driver has been raw deposits. The amount of HYPE staked has climbed from under 10 million tokens in July to nearly 40 million now. Kinetiq’s points program opened mid-July, underscoring that it is driving activity in its ecosystem.

Kinetiq Deposits (DeFiLlama)

The surge demonstrates the growing influence of Hyperliquid, which is fast becoming a DeFi heavyweight as liquidity, trading activity and staking demand migrate onto its ecosystem.

Points programs in particular, where protocols distribute future token allocations to early participants, continue to pull in yield-hungry crypto investors. By staking HYPE through Kinetiq, users not only earn standard staking rewards but also accumulate points toward a potential Kinetiq token airdrop.

For many DeFi traders, that double yield opportunity has proven irresistible, some have shared on X.

Read more: Native Markets Leads Early Voting for Hyperliquid’s USDH Stablecoin Contract



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Crypto Trends

Linea: Everything You Need to Know About the Ethereum Layer-2 Network Airdrop and Token

by admin



In brief

  • The LINEA token will begin its airdrop process on September 10.
  • More than 9 billion tokens will be available to early users when the claim opens.
  • An additional 75% of the total supply will ultimately be distributed to ecosystem participants.

Ethereum layer-2 network Linea aims to use its upcoming LINEA token as an incentive to draw the world’s capital to Ethereum. 

Described by backers as the most Ethereum-aligned layer-2 network, Linea will offer native yield to ETH stakers, as well as an ecosystem fund made up of around 54 billion LINEA tokens to draw users to its network. 

Linea’s long-awaited token generation event (TGE) is coming on September 10. Here’s a look at everything you need to know about what the LINEA token is and who can claim it.

Five weeks ago, Ethereum celebrated 10 years of zero downtime. Next week, LINEA becomes the most significant token to enter the ecosystem since ETH itself.

The eligibility checker is now live ahead of the September 10 TGE.

Check yours at https://t.co/GDV3kRe0Kf pic.twitter.com/emB8WlqCNF

— Linea.eth (@LineaBuild) September 3, 2025

What is the LINEA token?

Distributed by Swiss nonprofit the Linea Association, LINEA is the native token of the Ethereum layer-2 network of the same name. The network was developed by Ethereum software development firm, Consensys, and Linea is described an “extension” of the established layer-1 network. (Disclaimer: Consensys is one of 22 investors in an editorially independent Decrypt). 

Unlike other layer-2 network tokens, LINEA will not act as the native gas token for the Linea network. Instead, Linea will use ETH as its gas token to pay transaction fees. The LINEA token also differentiates itself from other layer-2 network tokens, as it does not have any governance powers and it is subject to a buyback and burn mechanism. 



In other words, using a portion of the ETH revenue it earns from transaction fees, the network will buy LINEA and subsequently burn it, or effectively remove it from the circulating supply. 

The token will maintain a total supply of 72,009,990,000 LINEA, or 10 times the initial circulating supply of Ethereum. 

When is LINEA dropping?

The LINEA token generation event (TGE) will take place on September 10, at which point any eligible airdrop participants can begin the claim process. 

Eligible parties will have up to 90 days to claim their LINEA tokens. After that time, any unclaimed LINEA tokens will be added to the ecosystem fund and subsequently distributed by the Linea Consortium. 

Who will get the LINEA airdrop?

The LINEA token will be distributed in three major buckets: early users, ecosystem participants, and the Consensys treasury. 

10% Early Adopters

Early users of Linea’s network that earned points via the Linea Voyage and Linea Surge campaigns are eligible to claim their respective share of around 10% of the LINEA supply. In order to be eligible, campaign participants must have achieved at least 2,000 points in the Voyage campaign and 15,000 points in the Surge campaign. 

This criteria and the elimination of around 800,000 sybil wallets, or those who tried to game the system to earn the token, left around 750,000 eligible wallets to split 9.3 billion LINEA tokens. 

A further 1% of the early adopters bucket is set aside for strategic builders in the Linea ecosystem, but those tokens will be directly distributed and will not be claimed as part of the airdrop.

An airdrop eligibility checker was released by Linea on September 3. 

75% Linea Ecosystem Participants

The largest chunk of LINEA tokens, 75% of the total supply, will be awarded to active participants within the Linea ecosystem and distributed by a collective body of Ethereum-aligned entities dubbed the Linea Consortium. 

Made up of firms like publicly traded Ethereum treasury SharpLink Gaming, ENS Labs, Eigen Labs, and Consensys, the consortium is mandated to distribute the ecosystem fund to those helping propel the Linea network and Ethereum. 

“It’s users, it’s builders, it’s liquidity providers, it’s institutions, it’s creators… anything or anyone that’s going to help make Ethereum and Linea successful,” Head of Linea Declan Fox told Decrypt in July. 

Small portions of the 75% have already been approved for distribution by the consortium, including 4% at TGE for liquidity providers during the Linea Surge event. Distribution of a further 1 billion LINEA tokens was approved as part of Linea Ignition, a liquidity bootstrapping event running through October 26. 

15% Consensys Treasury

The final 15% of the LINEA supply is set aside for Consensys, the development firm that incubated the layer-2 network. All 15% of the tokens set aside for the software firm are locked up for five years.

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