$PURR represents the inaugural spot launch on the Hyperliquid L1. The token has no sale history and currently lacks any planned utility. Its maximum supply stands at 1 billion. Of this total, 500 million $PURR were allocated proportionally to points holders. An initial 400 million $PURR, deployed as Hyperliquidity under HIP-2, were burned. The asset is deflationary because trading fees paid in $PURR are destroyed.