Purr (PURR)
1. Fundamental Analysis
1.1 Introduce
PURR is the first HIP-1 native token on the Hyperliquid L1 blockchain. It was launched with no sale and no planned utility, serving primarily as a way for users to engage with the Hyperliquid ecosystem and benefit from its growth.
One of the unique features of PURR is that its holders are automatically eligible to receive all upcoming new spots and meme tokens created on the Hyperliquid network. This provides an incentive for users to hold PURR and participate in the growth of the ecosystem.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | PURR | Market Cap | 176114236.8 |
| Name | Purr | White Paper | -- |
| Web Site | https://www.purrburn.fun/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://app.hyperliquid.xyz | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-05-03 |
| Available Supply | 597808000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.2858 | 0.2955 | 0.2838 | 0.2946 | 1887.820441 |
| 2024-12-31 | 0.3333 | 0.3333 | 0.2851 | 0.286 | 37548.465696 |
| 2024-12-30 | 0.3463 | 0.3663 | 0.3208 | 0.3333 | 35960.467265 |
| 2024-12-29 | 0.41 | 0.41 | 0.3346 | 0.3445 | 43573.798474 |
| 2024-12-28 | 0.3487 | 0.438 | 0.33 | 0.4066 | 21688.549911 |
| 2024-12-27 | 0.3351 | 0.3872 | 0.3273 | 0.3482 | 30388.592673 |
| 2024-12-26 | 0.3325 | 0.3444 | 0.29 | 0.3351 | 26832.27372 |
| 2024-12-25 | 0.3948 | 0.5 | 0.3299 | 0.3315 | 52953.338658 |
| 2024-12-24 | 0.3907 | 0.4309 | 0.3551 | 0.4033 | 216397.964206 |
2.2 Analysis
The recent price action shows a significant downward trend from the high on December 25th, 2024, followed by a period of consolidation and then a slight upward movement. However, the overall trend remains bearish, with volume significantly decreasing since the peak on December 24th, suggesting weakening buying pressure. Future price movement is likely to continue the downward trend in the short term, with potential for a bounce before resuming the decline. Strong support levels need to be established before any significant bullish reversal can be expected. Continued monitoring of volume and price action around key support and resistance levels is crucial for further analysis and prediction.
3. News Analysis
3.1 News
20241217
- 2 whale addresses deposited nearly 14 million USDC to Hyperliquid to purchase HYPE and PURR ↑
20241213
- Hyperliquid ecosystem tokens generally rose, PURR 24-hour increase reached 55.6% ↑
3.2 Analysis
Conclusion: The influx of significant capital into the Hyperliquid ecosystem, specifically via large USDC deposits by whale addresses targeting HYPE and PURR tokens, strongly suggests a bullish sentiment and potential for short-term price increases within the Hyperliquid platform. The preceding substantial 24-hour surge in PURR price (55.6%) further corroborates this upward trend and indicates a high level of market interest and speculative activity. We project continued short-term price volatility for HYPE and PURR, with a higher probability of further gains, driven by sustained investor confidence and potential further large-scale investment. However, this trend remains susceptible to broader market corrections and the inherent risks associated with cryptocurrency investments. Long-term prediction requires further data analysis and consideration of macroeconomic factors. Sustained growth will depend on the platform s ability to maintain user engagement and deliver on its roadmap.
