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Post #167
@hyperliquid_announcements
Hyperliquid Announcements
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As a reminder, spot trading for $PURR will go live between 04:00-06:00 UTC. During the feedback period on testnet, community members felt that there was more Hyperliquidity (HIP-2) than needed. As a result, 40% of the total supply originally allocated for HIP-2 will instead be burned. Concretely, that means 500M $PURR will be distributed to points holders and 100M $PURR will be permanently committed to the onchain order book via HIP-2 as liquidity.