Ventuals’ vHYPE staking campaign launched on Oct 16 at 15:00 UTC, marking one of the fastest HIP-3 bootstraps to date. The pool surpassed the 500K $HYPE minimum requirement in just 2 minutes and 17 seconds, reached 1M HYPE within 24 minutes, and climbed to 1.45M $HYPE as of Oct 17, 07:05 UTC.
The first depositor (a whale who staked 250K $HYPE at 15:00:17 UTC) single-handedly covered half of the minimum stake, setting the tone for an explosive start. Interestingly, this deposit appeared on-chain slightly before the official link was made public, suggesting that early participants might have discovered the subdomain before it was announced.
Tier 1 NFT eligibility is reserved for those who deposited more than 100 HYPE within the first 500K cap, with 515 addresses qualifying. This structure rewarded early conviction while maintaining balanced distribution between whales and smaller depositors.
The deposit breakdown highlights a retail-heavy base:
50.4% deposited 0–99 $HYPE
35.8% deposited 100–199 $HYPE
8.9% deposited 200–999 $HYPE
4.8% deposited 1,000+ $HYPE
The resulting curve reflects a classic long-tail participation pattern—smaller holders collectively outweighed a handful of large players, while early whale entries anchored confidence and accelerated broader inflows. In under three minutes, Ventuals secured its HIP-3 stake and validated one of the most community-driven exchange bootstraps in the Hyperliquid ecosystem to date.
Hyperliquid
Ventuals
