Teleo Agents 0b61e88bb8 entity-batch: update 1 entities

- Applied 1 entity operations from queue
- Files: entities/internet-finance/purr.md

Pentagon-Agent: Epimetheus <968B2991-E2DF-4006-B962-F5B0A0CC8ACA>

2026-03-20 13:04:30 +00:00

1.5 KiB

Raw Blame History

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

Survivor bias creating "conviction OGs" after weak hands exited
Wealth effect: HYPE appreciation drives demand for ecosystem-native assets
PURR/HYPE ratio in accumulation phase
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

1.5 KiB Raw Blame History