Purr is presented as the first native spot token launched on the Hyperliquid L1 layer, introduced without a token sale or predefined utility. 500 million of its 1 billion max supply were distributed proportionally to points holders, while 400 million initially committed via a “Hyperliquidity” mechanism were burned. The design reflects a narrative of community alignment and early-stage architecture rather than monetization.
Although PURR has no declared functional roles or utilities today, its story is tightly entwined with Hyperliquid’s evolving architecture and community vision. Its launch mechanics, deflationary burns, and distribution model are all tools for cultivating identity and collective trust—rather than features promising use cases.
