MemeCoin

Dive into the trenches of the HyperLiquid ecosystem with memecoins and tokens that drive community engagement.

The Hyperliquid Memecoin Phenomenon

Hyperliquid's memecoin scene is emerging as a unique ecosystem with characteristics that differentiate it from other blockchain environments:

Community-First Culture

Unlike many other chains where memecoins quickly rise and fall, Hyperliquid has developed a more supportive community culture that shapes both current dynamics and future potential:

  • Hypios as a Movement - The "Hypio" community identity has become a cultural touchpoint, similar to how "Solana Degens" defined that ecosystem

    • Hypio NFT collection has become deeply intertwined with Hyperliquid's memecoin scene

    • Original mint price of $50 has provided holders with multiple airdrops ($BUDDY, $RUB, $EVM)

    • Returns exceeding 200x within months demonstrate the power of community-first distribution

    • Continues serving as a major distribution vector for new tokens

  • PvE vs PvP Mentality - Many observers note that Hyperliquid fosters collaboration rather than competition, with holders supporting projects long-term

    • Community-driven support of specific winners ($BUDDY and $RUB emerging as favorites)

    • Cross-ecosystem dynamics create interesting tensions between HyperCore and HyperEVM communities with different investment strategies

    • Future incentives through Hyperliquid points seasons likely to strengthen this collaborative approach

  • Ecosystem Evolution - As the space matures, several key trends are emerging:

    • Potential for a "$BONK moment" - a defining memecoin that becomes Hyperliquid's flagship

    • Growing mainstream attention as the ecosystem scales and differentiates itself

    • Enhanced cross-chain appeal attracting traders seeking alternatives to solana memes

The Two Ecosystems

Hyperliquid's token scene has evolved into two distinct but connected spheres:

  • HyperCore (Order Book) - The original Hyperliquid trading environment hosts several established tokens:

    • $PURR - One of the first native memecoins

    • $PIP - Considered a blue chip memecoin by orderbook traders

    • $HFUN - Early memecoin on HyperCore

    • For a comprehensive overview of all HyperCore tokens, see this notion by @0xPasteke or this watchlist.

  • HyperEVM (Smart Contract)

    • $BUDDY - The pioneer that sparked the HyperEVM memecoin movement:

      • First major memecoin on HyperEVM with strong cultural impact

      • "Alright buddy" catchphrase became ecosystem staple

      • Remarkable community resilience despite 73% supply airdropped

      • Continues to maintain strong holder support

    • $RUB - Breaking traditional memecoin narratives, now transitioning to a product (RubiFi):

      • Unique positioning - No dogs, cats, or frogs—fresh narrative approach

      • Reverse unit bias - Displays as high dollar amounts with unusual pricing

      • Primarily distributed to active Hyperliquid users

      • Attracting traders seeking alternatives to traditional animal memes

HypurrNFTs

A premium NFT collection distributed to Hyperliquid's most dedicated early supporters, representing the ultimate status symbol within the ecosystem:

Exclusivity & Scarcity

  • During $HYPE Genesis claim, eligible traders received an opt-in choice: claim $HYPE only or $HYPE + 1 Hypurr NFT

  • Estimated eligibility: Top ~6,500 wallets with approximately 1,000+ points during Season 1

Market Dynamics

  • $1M+ in total OTC volume managed by HypurrCo community

  • Collection market cap of $166.5M positions it near tier-1 collections like BAYC and Pudgy Penguins

  • HypurrOTC - On-chain escrow system for trustless trades. Previously managed by Kirby in the HypurrCO & Frens OTC channel

Strategic Value

  • Airdrop magnet - Prime target for new HyperEVM protocol distributions

  • OG status verification - On-chain proof of early Hyperliquid participation

  • Supply scarcity - Most holders already wealthy from $HYPE, creating natural hodling behavior

  • Cultural significance - Represents the "anti-VC" ethos and organic community growth

  • Utility features - Potential future integrations by Hyperliquid team

Resources & Credits

PreviousHyperCore

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