The largest airdrop in crypto history just got even bigger. Hyperliquid's native token, HYPE, hit a new all-time high of $64 on May 24 before settling around $60. Even at these levels, the genesis airdrop is valued at roughly $20 billion, making it the largest token distribution ever seen in this space. What makes this even more compelling is the tokenomics. @HyperliquidX funnels nearly 99% of its protocol fees into token buybacks, with over $1.16 billion already deployed and growing. With only about 26% of the total supply currently in circulation, the supply squeeze is real. Institutional flows are shifting too. Capital is rotating directly from Bitcoin and Ethereum ETFs into HYPE, signaling a major vote of confidence in this ecosystem. Add Arthur Hayes' bold $150 price target to the mix, and the chatter around HYPE potentially flipping BNB as the top exchange token is getting louder. Whether you're in it for the tech or the narrative, Hyperliquid is writing a new chapter in crypto history.