A quick look at Hyperliquid airdrop data: an average of 2,915 HYPEs were airdropped, worth nearly $20,000

The Hyperliquid (HYPE) airdrop distributed tokens to 94,000 wallets, with an average of 2,915.66 HYPE per address (worth nearly $20,000 at $7 per token) and a median of 64.53 HYPE (around $400).
The total airdrop value reached nearly $2 billion, with allocations ranging from 0.11 HYPE to 1,975,126.70 HYPE.
Distribution percentiles: 10th (4.28 HYPE), 25th (14.98 HYPE), 50th (64.42 HYPE), 75th (379.90 HYPE), and 99th (58,317.95 HYPE).
Among 70,300 holders, the largest non-team wallet owns 8.5 million HYPE tokens.
Most wallets hold 16–64 tokens (20.6% of holders), followed by 64–256 tokens (20.6%), 256–1,000 tokens (12.8%), and 1,000–4,100 tokens (8.2%).
Hyperliquid’s TWAP feature is popular, smoothing price volatility by allowing gradual buying/selling of HYPE tokens.
A dashboard tracks real-time HYPE TWAP data and holder statistics.

Author:ASXN

Compiled by Alex Liu, Foresight News

ASXN built a dashboard to gain more insight into the HYPE airdrop:

Total number of recipients: 94,000 wallets
Average airdrop: 2915.66 HYPE
Median airdrop: 64.53 HYPE

At HYPE’s current price of over $7, HYPE has airdropped tokens worth nearly $2 billion, with an average of nearly $20,000 per address! (The median of nearly $400 better reflects the earnings of most participants after excluding whales.)

We analyze the top holders’ allocation, active TWAPs, locked tokens, and holder distribution:

Distribution of different percentiles:

- 10th percentile: 4.28 HYPE

- 25th percentile: 14.98 HYPE

- 50th percentile: 64.42 HYPE

- 75th percentile: 379.90 HYPE

- 99th percentile: 58317.95 HYPE

The total range is from 0.11 HYPE to 1,975,126.70 HYPE.

There are currently 70,300 HYPE token holders, of which the largest non-team holder is 0xfe...fe, which owns 8.5 million HYPE tokens.

We can examine the holders of HYPE tokens after creation:

Most wallets holding HYPE hold between 16 and 64 tokens. The distribution of holders is as follows:

13,500 wallets (20.6%) hold between 16 and 64 tokens
13,500 wallets (20.6%) hold between 64 and 256 tokens
8,400 wallets (12.8%) hold between 256 and 1,000 tokens
5,400 wallets (8.2%) hold between 1,000 and 4,100 tokens

The following chart shows 20 TGE participants and the difference between their genesis balance and current holdings to give an idea of how people are using the airdrop.

Hyperliquid’s TWAP feature seems to be very attractive, with many wallets choosing to buy or sell HYPE tokens over a longer period of time, thereby reducing large price fluctuations.

All real-time HYPE TWAP can be tracked on the dashboard.

A quick look at Hyperliquid airdrop data: an average of 2,915 HYPEs were airdropped, worth nearly $20,000

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