---
type: entity
entity_type: token
name: PURR
parent_protocol: Hyperliquid
launch_date: 2024-04-16
status: active
domain: internet-finance
---

# PURR

**Type:** Memecoin  
**Chain:** Hyperliquid  
**Launch:** April 16, 2024

## Overview

PURR is a community-distributed memecoin on Hyperliquid with zero team or VC allocation. Positioned as ecosystem beta play similar to BONK on Solana.

## Token Structure

- **Max Supply:** 1 billion
- **Airdrop:** 500M to Hyperliquid points holders at launch
- **Liquidity:** 400M deployed as liquidity were burned
- **Current Supply:** ~598M (deflationary via fee burning)
- **Allocation:** Zero to VCs or teams

## Market Position

- **PURR/HYPE Ratio:** ~0.0024 (March 2026)
- **Performance:** Down ~90% from late 2024 peaks
- **Daily Volume:** Under $1M (thin liquidity)

## Investment Thesis

Pine Analytics characterized PURR as "asymmetric risk-reward opportunity" based on:
1. Survivor bias creating "conviction OGs" after weak hands exited
2. Wealth effect: HYPE appreciation drives demand for ecosystem-native assets
3. PURR/HYPE ratio in accumulation phase
4. Community distribution model similar to BONK

## Risks

- No active team, product, or revenue
- Entirely dependent on HYPE trajectory
- No protocol-level guarantee of privileged position
- Thin liquidity

## Timeline

- **2024-04-16** — Launched with 500M airdrop to Hyperliquid points holders
- **2024-Q4** — Reached peak PURR/HYPE ratio
- **2026-03-16** — Pine Analytics issues bullish recommendation despite ~90% drawdown from peaks