The Absence of $EGLD Drives This Renowned French Influencer to Leave Hyperliquid

Hyperliquid, the decentralized trading platform, recently launched a massive airdrop of its HYPE token, distributing $1.3 billion in rewards to eligible users. Despite this generous initiative, the absence of the $EGLD token on their platform has led a prominent French crypto influencer to turn away from it.

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A Monumental Airdrop, But an Incomplete Offering

On November 29, 2024, Hyperliquid stunned the crypto community by announcing an airdrop of its HYPE token. The event distributed 31% of the token’s total supply, amounting to approximately $1.3 billion, to eligible users. This launch propelled HYPE into the top 100 cryptocurrencies by market capitalization, with its price reaching around $4 per token shortly after its release.

However, this initiative wasn’t enough to retain users loyal to other cryptocurrencies. A well-known French influencer expressed disappointment on X (formerly Twitter) with the following statement:

“Thank you @HyperliquidX for this little gift 🪂 Unfortunately, $EGLD isn’t available on your dApp yet, so I had to leave you…”

The $EGLD Community Feels Overlooked

The $EGLD token, native to the MultiversX blockchain (formerly Elrond), boasts an active and devoted community. Hyperliquid’s failure to include $EGLD in its offerings has been interpreted as a lack of acknowledgment for this group, prompting some users to explore other platforms that better support their preferred assets.

Hyperliquid Faces the Challenge of Diversification

Although the HYPE airdrop was an undeniable success, the situation highlights the critical importance of offering a diverse range of tokens to satisfy a broad user base. Adding popular tokens like $EGLD could not only attract new users but also help retain existing ones.

Hyperliquid’s airdrop initiative showcased its ambition and generosity. However, to maximize its impact and avoid alienating influential users, expanding its token offerings to include sought-after assets such as $EGLD would be a wise move.

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Share this article with your friends and colleagues, because the more we understand these dynamics, the better equipped we’ll be to navigate the complex world of cryptocurrencies.

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