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About Purr
Analysis of 22 May 2026PURR is the first token launched on the Hyperliquid Layer 1 blockchain, distributed through a community airdrop where 50% of the 1 billion total supply went to Hyperliquid points holders and 400 million tokens were permanently burned. As of May 2026, PURR trades at approximately $0.11 with a market cap of ~$67 million (ranked #414 on CoinGecko) and a circulating supply of 600 million tokens.
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The token features deflationary mechanics where trading fees paid in PURR are burned, continuously reducing supply.
Hyperliquid Strategies Inc. (Nasdaq: PURR) began options trading on PURR common stock in March 2026 and staked its entire $420 million HYPE holding, creating a unique corporate treasury narrative linking traditional equities to DeFi.
PURR surged 68% in the past week as of late May 2026, significantly outperforming the broader crypto market.
