Purr purr

Purr (PURR) is the canonical PURR/USDC spot asset on Hyperliquid, a cat-themed community token native to HyperCore. Hyperliquid’s official API identifies the market as PURR/USDC, marks it canonical, and identifies PURR as canonical token index 1.

It is not the similarly named Purr Cat token on Robinhood chain or other unrelated PURR contracts. The canonical Hyperliquid asset is linked to a HyperEVM ERC-20 contract at 0x9b498c3c8a0b8cd8ba1d9851d40d186f1872b44e; users should verify both chain and contract before transferring.

PURR’s primary observable role is as a tradeable spot token in Hyperliquid’s on-chain order-book system. It does not represent equity, a fiat claim, or a protocol governance right in the official token metadata. The Hyperliquid app provides the PURR/USDC market, while the community and meme identity provide the social layer around the asset.

Crypto users often want exposure to community-led meme assets but face fragmented liquidity, fake contracts, and unclear token identity. PURR addresses the market-access part of that problem by having a canonical native spot market on Hyperliquid rather than relying only on third-party pools.

The broader problem remains: meme-token value is highly sentiment-driven, and a canonical listing does not guarantee economic utility, price stability, or protection from loss. Identical tickers can also be deployed elsewhere, so ticker-only searches are unsafe.

Users must separately evaluate liquidity, concentration, supply, contract provenance, and venue risk. Hyperliquid’s order-book and bridge architecture make the asset accessible, but they do not remove volatility, smart-contract, custody, or operational risks.

PURR is represented in Hyperliquid’s native HIP-1 token system. HIP-1 defines a capped-supply fungible token standard and native spot order books; each asset specifies parameters such as name, weiDecimals, szDecimals, maxSupply, genesis balances, and optional Hyperliquidity initialization.

The official API reports PURR with weiDecimals 5 and szDecimals 0, token index 1, canonical token ID 0xc1fb593aeffbeb02f85e0308e9956a90, and a linked HyperEVM contract. The canonical universe entry is PURR/USDC, so spot trading uses USDC as the quote asset on Hyperliquid’s order book.

Trades are matched by Hyperliquid’s on-chain spot-market machinery; balances can be transferred within the platform and, through the linked system, between HyperCore and HyperEVM representations. HIP-1 also specifies that non-USDC token trading fees can be sent to the deployer or burned depending on configuration, and that dust conversion can reduce supply.

At the time of research, the API’s spot context reported roughly 595.15 million PURR circulating and total supply, with values changing as balances and protocol accounting update. The same API reported a mid-price near $0.0734; this is a point-in-time market observation, not a guaranteed valuation.