Key Insights:
- Hyperliquid crypto price surges 6% to $46 with $50 target in sight.
- Hypurr NFT collection of 4,600 unique tokens deployed on HyperEVM.
- Global NFT sales volume hits $16.3M, down 16% over the last 24 hours.
The native token of Hyperliquid crypto, HYPE token, has surged over 6% in the past 24 hours to hover around $46. The surge comes as the platform deploys its Hypurr NFT collection on the HyperEVM.
The NFT launch coincides with broader NFT market activity, showing $16.3 million in 24-hour sales volume across 191,468 transactions.
Hyperliquid Crypto Price Action Targets $50 Milestone
The HYPE token has posted 6% gains over the past 24 hours, trading around $46 and approaching the key $50 resistance level.
The surge in Hyperliquid crypto follows the official launch of the Hypurr NFT collection on the platform’s HyperEVM infrastructure.
The current price is a 21% drop from HYPE’s all-time high of $59.30, suggesting room for recovery if bullish momentum continues.
Previous resistance levels around $50-$52 have capped rallies during recent trading sessions. HYPE price is up 6% in the last 24 hours.
Meanwhile, Hyperliquid crypto was also in focus recently, as it recently launched the USDH stablecoin.
Hyperliquid News: Hypurr NFT Collection Deploys with 4,600 Tokens
The Hyper Foundation has officially launched the Hypurr NFT collection on the HyperEVM with 4,600 different tokens distributed to early platform participants.
Genesis Event participants who opted in during November 2024 received commemorative NFTs following the HyperEVM’s February 2025 launch.
Each NFT represents different moods, hobbies, tastes, and quirks of the Hyperliquid community as depicted by the Hypurr character.
Distribution allocated 4,313 NFTs to Genesis Event participants, 144 to the Hyper Foundation, and 143 to core contributors, including Hyperliquid Labs, NFT artists, and other platform builders.
The Foundation conducted risk-based screening and clustering analysis to protect against sybil behavior while capping total NFTs per user. No minting action is required as the collection has already been distributed to eligible addresses.
The contract address 0x9125E2d6827a00B0f8330D6ef7BEF07730Bac685 holds the deployed collection on HyperEVM.
Ownership and usage rights are governed by specific terms and licenses available through the Hyper Foundation. The limited supply of 4,600 NFTs creates scarcity for the commemorative collection.
The HyperEVM launched in February 2025 as the general programmability interface to the Hyperliquid Layer 1 blockchain.
The architecture allows developers to trustlessly access liquidity on HyperCore through read precompiles and the CoreWriter contract.
Smart contracts can read L1 state and send actions on HyperCore and create two-way communication secured by the HyperBFT consensus protocol.
NFT Market Shows Mixed Activity Across Blockchains
Global NFT markets recorded $16,329,640 in 24-hour sales volume, down 16.12% from the previous period, according to CryptoSlam data.
NFT buyers totaled 27,567 (down 7.88%) while sellers numbered 20,873 (down 11.00%), indicating reduced participation from both sides of the market.
Transaction count reached 191,468 across all tracked blockchains, up 2.44% period-over-period.
Ethereum maintained dominance with $9,186,485 in sales volume but is down 22.53% in the 24 hours. This comes amid soaring optimism over the recent NFT launch by Hyperliquid crypto.
The platform processed transactions for major collections including Moonbirds ($1.94M), CryptoPunks ($1.16M), and Guild of Guardians Heroes ($1.12M). Wash trading on Ethereum reached $1.10 million, which is 10.7% of the total volume.
Immutable recorded $1,701,588 in NFT sales, down 2.50% with minimal wash trading activity.
BNB Chain showed growth with $1,036,897 in volume, up 14.14% as the blockchain attracted gaming and collectibles projects. The Bitcoin network contributed $967,416 in Ordinals trading despite an 18.21% decline.
Solana posted $741,556 in NFT volume, down 27.31% as the blockchain’s collections faced selling pressure. Mythos Chain generated $777,071 in sales with a high wash trading percentage of 44.56%.