Hyper Foundation, known for developing the layer-1 blockchain Hyperliquid, has announced the upcoming launch of its native token, HYPE. The token launch will precede the HyperEVM launch on the mainnet, as reported by The Block. Ahead of the HyperEVM launch, eligible users will receive an airdrop of HYPE tokens or Hypurr NFTs. Further details regarding the airdrop are expected to be disclosed in the near future. The launch of HYPE is a significant development for the Hyperliquid ecosystem, paving the way for various use cases and community-driven initiatives.