Hypeliquid airdrop average value exceeds $30,000, XRP market cap rises to third in crypto.
Written by: Alex Liu, Foresight News
Illustration by: Kiet, Foresight News
Note: "Weekly Hot Search" statistics are compiled from user search results on Foresight News from last Friday to this Thursday (November 29 to December 5), with case sensitivity for the same concepts merged.
HYPE Large Airdrop
This week, the decentralized derivatives trading platform Hyperliquid's token "HYPE" landed in third place on the hot search list. The HYPE token had its TGE on the 29th at 15:30, with a maximum supply of 1 billion tokens, of which 38.888% will be reserved for future distributions and community rewards, 31% will be used for genesis distribution (fully unlocked), 23.8% will be allocated to current and future core contributors, 6% will be used for Hyper Foundation budget, 0.3% will be for community funding, and 0.012% will be for HIP-2 (Hyperliquidity). Unallocated tokens from the genesis event will also be used for future emissions and community rewards.
Additionally, core contributor tokens will be locked for 1 year after the genesis, with most tokens completing linear unlocking between 2027-2028, and some tokens continuing to unlock after 2028. HYPE will also be used as the gas fee token for HyperEVM.
HYPE airdrop averages 2905 tokens per address, currently valued over $30,000! For more airdrop data, recommended reading: Overview of HYPE airdrop data, the largest wealth creation event after Arbitrum airdrop?
What gives HYPE such a high market cap? Recommended reading: Hyperliquid, experiencing a DeFi flagship that benchmarks CEX
XRP Leads Old Coins
This week, old coins generally warmed up, with astonishing short-term rebounds. The already large market cap of "XRP" led the way, peaking above $150 billion, consecutively surpassing Solana and USDT to rank third in crypto.
What recent developments has Ripple had? What are the positive factors for XRP?
CryptoQuant CEO Ki Young Ju tweeted on the 12th that it was Coinbase whales that drove this XRP surge. Over the past 30 days, the minute-level premium on Coinbase during the XRP rise ranged from 3% to 13%, while Upbit, which has more XRP investors than Binance, has not shown a significant premium so far.
Additionally, Grayscale announced it has opened the Grayscale XRP Trust to qualified investors, allowing investors to gain exposure to XRP in the form of securities. The XRP Ledger has reduced the basic reserve requirement from 10 XRP to just 1 XRP as of December 3, allowing new users to top up their wallets with less cryptocurrency, potentially lowering the adoption threshold. At the same time, this also allows users to spend part of the XRP they originally had to hold as reserves. The owner reserve has also been reduced from 2 XRP to 0.2 XRP. This means users only need to hold 0.2 XRP for each object held in their account.
For more XRP information, recommended reading:
XRP leads the way, old coins revive: Is it a signal for the return of altcoin season?
XRP monthly increase exceeds 3 times, Omni co-founder analyzes Ripple's origins and future Ripple holds over $1 billion in cash reserves, and XRP token reserves may exceed $100 billion.
Sui Wins Over People with Price Increase
"Sui" remains in the top 5 of the hot search list this week, possibly related to the strong performance of its token price, "winning over people with price increase."
On December 5, SUI briefly surged past 4.4 USDT, reaching an all-time high, with a 24-hour increase of 16.23%. Additionally, SUI's TVL surpassed $1.68 billion, setting a new historical high.
AI Agents Rise, Meme Popularity Unabated
This week, the "AI" agent "ai agent" and "Meme" craze continued, with high interest not only in the core tokens "Clanker" and "Virtual" on Base but also in "ACT," "ai16z," and others.
Recommended reading: Clanker, the "hot meme generator" on Base AI Agent, meme platforms, and Web3 social are all hot topics; will Clanker surpass pump.fun?
More Hot Terms Delivery
- "Bitcoin" first breaks above 100,000 USDT
- Movement Foundation tweeted that it has launched the Beta version of the mainnet. Additionally, Coinbase will list Movement "MOVE"
- "CRV" touches 1.2 USDT again after more than 600 days.
- BlackRock's BUIDL fund address transferred nearly 13.935 million USDC to the "RWA" project "Ondo" Finance.
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