HYPE airdrop event
Overview
The HYPE genesis airdrop was Hyperliquid's token launch distribution, executed on 29 November 2024. Roughly 310 million HYPE — about 31% of total supply — was distributed to users based on points accrued from testnet and mainnet trading and referral activity, with tokens pushed directly to eligible wallets rather than requiring a manual claim. Over 90,000 addresses received allocations, making it one of the largest DeFi airdrops by value at the time.
Within the DeFi Intel graph, HYPE airdrop connects to 2 tracked entities, most strongly to Hyperliquid, Hyperliquid L1.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Hyperliquid | 95% |
affected | Hyperliquid L1 | 85% |
Frequently asked questions
When did the HYPE airdrop happen?
The genesis distribution took place on 29 November 2024.
How much HYPE was distributed?
Approximately 310 million HYPE, around 31% of the total supply, went to genesis recipients.
How was eligibility determined?
Eligibility was based on Hyperliquid's points program, accumulated through testnet trading, mainnet activity and referrals; users had to register by 11 November 2024 to qualify.
Sources
Facts on this page were verified against the following sources.