Hyperliquid’s Hypurr NFTs Hit $76K Floor Price, But Hacker Steals 8 for $400K Profit

A threat actor stole eight Hypurr NFTs worth approximately $400,000 within hours of the collection’s launch by compromising wallets that received the airdropped tokens on Hyperliquid’s HyperEVM ￰1￱ investigator ZachXBT first reported the sophisticated theft targeting early Genesis Event participants who had opted to receive the free digital collectibles.) ￰2￱ — DEGEN NEWS (@DegenerateNews) September 29, 2025 Some NFTs had traded over-the-counter for $88,000 before the official launch through DripTrade’s collateralized pre-sale ￰3￱ theft compounds security concerns plaguing Hyperliquid’s ecosystem following the $773,000 HyperDrive exploit and $3.6 million HyperVault rug pull within the same ￰4￱ rapid succession of attacks has intensified scrutiny of security practices across projects building on the decentralized exchange ￰5￱ Cats Command Six-Figure Prices Despite Global Economic Pressures The Hypurr collection features generative art depicting cartoon cats with various traits, including sunglasses, wizard robes, and armor ￰6￱ allocated 4,313 NFTs to Genesis Event participants, 144 to the Hyper Foundation, and 143 to core contributors, including developers and ￰7￱ to OpenSea data, over 1.3 million HYPE tokens were traded in the past 24 hours, equivalent to $61 million at current ￰8￱ collection maintained 92.8% of supply held by 4,270 unique ￰9￱ reactions varied widely, with some celebrating life-changing windfalls while others criticized the wealth ￰10￱ director Alex Obymuralex praised the Hypurr design language as “timeless” rather than trend-driven, noting the collection’s simple forms and saturated colors lower intimidation barriers for mainstream ￰11￱ argued that recognizable silhouettes and joyful palettes create lasting brand equity beyond speculation ￰12￱ talks about floor price, perks or hype after the Hypurr airdrop from @HyperliquidX I will talk about something else: the ￰13￱ I will spoil my conclusion ￰14￱ is ￰15￱ in ways most people ￰16￱ should you care about my take?

Because I… ￰17￱ — Alex. (@obymuralex) September 29, 2025 Early adopters who participated in November’s Genesis Event received the NFTs at no cost beyond their initial platform ￰18￱ event centered on the launch of Hyperliquid’s native HYPE token and HyperEVM programmability layer. Notably, DripTrade’s over-the-counter system enabled pre-launch trading through collateralized agreements requiring sellers to fulfill transactions within seven days of receiving NFTs or forfeit deposited ￰19￱ mechanism allowed price discovery even before official ￰20￱ Breaches Threaten Ecosystem Credibility The Hypurr NFT theft follows three major security incidents targeting Hyperliquid projects within one ￰21￱ DeFi lost $773,000 through router contract vulnerabilities that enabled arbitrary function calls, while HyperVault developers executed a $3.6 million exit scam after ignoring community warnings about fabricated audit ￰22￱ DeFi loses $773,000 in router vulnerability exploit as second major Hyperliquid ecosystem breach in 72 hours. #Hyperliquid #Hyperdrive ￰0￱ — ￰23￱ (@cryptonews) September 28, 2025 Previous exploits include the March JELLY token manipulation, which cost $13.5 million, and the “ETH 50x Big Guy” trader, who netted a $1.8 million profit while causing $4 million in vault ￰24￱ incident prompted a reduction in maximum leverage limits from 40x to 25x for major ￰25￱ intensifies as ASTER DEX processes over $13 billion in daily perpetual futures volume, compared to Hyperliquid’s reduced activity.

ASTER’s Trust Wallet integration provides 100 million users with direct access to perpetual contracts, challenging Hyperliquid’s market ￰26￱ Hayes exited his entire HYPE position with a $823,000 profit, citing the massive token unlocks worth $11.9 billion that were set to start on November ￰27￱ recently polled followers about re-entering after HYPE dropped 23% weekly to $35.50. However, community members have proposed blacklisting Hayes from purchasing HYPE, with some labeling his trades as the “ultimate sell signal.” Despite security challenges, Hyperliquid launched its USDH stablecoin , generating $2.2 million in early volume, while Native Markets secured the issuance mandate through a competitive governance voting ￰28￱ platform also activated HYPE/USDH spot trading following Native Markets’ commitment to stake 200,000 tokens for a period of three ￰29￱ traded up 4.65% following the Hypurr launch, reaching $47.14 as community enthusiasm temporarily overshadowed ongoing security concerns and competition threats across the broader ecosystem.