$PURR is the inaugural token launched on the Hyperliquid L1, designed with a unique distribution model. Unlike many tokens, there was no initial sale or planned utility for $PURR. The total supply is capped at 1 billion tokens, with 500 million distributed to points holders in a proportional manner. A significant aspect of $PURR's mechanics is its deflationary nature. Initially, 400 million tokens were allocated for Hyperliquidity and subsequently burned, reducing the circulating supply. Furthermore, trading fees paid in $PURR contribute to its deflation by being burned, enhancing the token's scarcity over time. This structure positions $PURR as a distinctive asset within the Hyperliquid ecosystem, appealing to users who value deflationary tokens. Its design encourages engagement and participation while fostering a sustainable economic model.