「CREAM」 was sold for $546,900 in the Hyperliquid platform auction

BlockBeats News, December 19, according to Hypurrscan data, a token with the ticker symbol "CREAM" was sold on the Hyperliquid platform auction for $546,900, lower than the previous sale price of $975,700 for the "GOD" token.

It is reported that the next auction has begun with a starting price of $1,094,000 and is currently bidding at $911,700.

BlockBeats Note: Hyperliquid's listing process involves a 31-hour Dutch auction where the token deployment fee linearly decreases from the initial price to $10,000 USDC until a token is sold, and then it is listed on the Hyperliquid spot market. If the last auction fails, the initial price will revert to $10,000 USDC; otherwise, the starting price of the auction will be twice the previous price.