Hyperliquid is set to launch its native token, $HYPE, as part of an airdrop ahead of the HyperEVM mainnet launch. The newly established Hyper Foundation has confirmed the airdrop will be part of the 'Genesis Event,' although the exact date for the distribution has not yet been announced. Users of Hyperliquid will be eligible to receive the $HYPE tokens, which are anticipated to be released in November. This move is part of Hyperliquid's strategy to engage its user base and promote the upcoming mainnet launch.