0b61e88bb8
- Applied 1 entity operations from queue - Files: entities/internet-finance/purr.md Pentagon-Agent: Epimetheus <968B2991-E2DF-4006-B962-F5B0A0CC8ACA>
54 lines
1.5 KiB
Markdown
54 lines
1.5 KiB
Markdown
---
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type: entity
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entity_type: token
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name: PURR
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parent_protocol: Hyperliquid
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launch_date: 2024-04-16
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status: active
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domain: internet-finance
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---
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# PURR
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**Type:** Memecoin
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**Chain:** Hyperliquid
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**Launch:** April 16, 2024
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## Overview
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PURR is a community-distributed memecoin on Hyperliquid with zero team or VC allocation. Positioned as ecosystem beta play similar to BONK on Solana.
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## Token Structure
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- **Max Supply:** 1 billion
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- **Airdrop:** 500M to Hyperliquid points holders at launch
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- **Liquidity:** 400M deployed as liquidity were burned
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- **Current Supply:** ~598M (deflationary via fee burning)
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- **Allocation:** Zero to VCs or teams
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## Market Position
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- **PURR/HYPE Ratio:** ~0.0024 (March 2026)
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- **Performance:** Down ~90% from late 2024 peaks
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- **Daily Volume:** Under $1M (thin liquidity)
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## Investment Thesis
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Pine Analytics characterized PURR as "asymmetric risk-reward opportunity" based on:
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1. Survivor bias creating "conviction OGs" after weak hands exited
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2. Wealth effect: HYPE appreciation drives demand for ecosystem-native assets
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3. PURR/HYPE ratio in accumulation phase
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4. Community distribution model similar to BONK
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## Risks
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- No active team, product, or revenue
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- Entirely dependent on HYPE trajectory
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- No protocol-level guarantee of privileged position
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- Thin liquidity
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## Timeline
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- **2024-04-16** — Launched with 500M airdrop to Hyperliquid points holders
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- **2024-Q4** — Reached peak PURR/HYPE ratio
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- **2026-03-16** — Pine Analytics issues bullish recommendation despite ~90% drawdown from peaks
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