In the ever-evolving world of cryptocurrency, where fortunes can be made or lost in a blink, a recent tweet from investor Kyle (@0xkyle__) has sparked a heated discussion. Posted on August 18, 2025, Kyle pondered a provocative question: What if Hyperliquid is the last truly rewarding airdrop we'll see, and upcoming crypto products opt for initial public offerings (IPOs) rather than launching tokens?

For those new to the scene, an airdrop is essentially a free distribution of tokens to users, often as a reward for participation or to bootstrap a project's community. It's like getting free shares in a startup just for showing up. On the flip side, an IPO is the traditional stock market debut where a company sells shares to the public, regulated and often more lucrative for founders in the long run.

Kyle's tweet reads: "what if hyperliquid is the last good airdrop we have, and all good crypto products moving forward start IPO'ing instead of launching a token, after seeing the success of CRCL, BLSH, & DATs? hahaha no way right, they wont possibly fuck over token holders remembers its crypto"

He's referencing recent successes like Circle (CRCL), Blast (BLSH), and perhaps Data Availability Tokens or similar (DATs), which have reportedly thrived post-IPO or equivalent moves. The sarcasm drips through—crypto has a notorious history of projects prioritizing founder gains over community benefits, often leaving token holders in the dust.

This idea resonates deeply in the meme token space, where airdrops have been a staple for generating hype and liquidity. Meme coins like those on Solana or Base often rely on airdrops to distribute tokens widely, creating viral moments and massive gains for early adopters. But if top-tier projects shift to IPOs, it could dry up these opportunities, pushing retail investors towards riskier, less regulated meme plays.

The tweet quickly garnered replies, reflecting the community's mixed feelings. One user, @0xEvoy, chimed in: "last one will be @Lighter_xyz," accompanied by a cheeky image hinting at insider knowledge or a joke about upcoming airdrops.

Others expressed resignation. @exit_onchain noted, "There is always a way to be greedy. Hyperliquid could of done other moves to pocket more for themselves. We just need to hope we get founders that want to give back to the community which is unlikely and a rare case sadly." It's a stark reminder that in crypto, altruism is rare.

@Daz_0x added, "As long as investments can be so easily lured from investors using metrics from an airdrop campaign, it’s unlikely anyone will change anything." This highlights how airdrops serve as powerful marketing tools, drawing in capital with promises of free tokens.

Not everyone is pessimistic, though. @dubby__3th countered, "I disagree with you, hyperliquid will definitely not be that last airdrop, the web3 space is innovative and I suspect many other good airdrops are on the way." Optimism persists, fueled by the relentless innovation in blockchain.

At Meme Insider, we track these trends because they directly impact meme token ecosystems. If major DeFi and infrastructure projects go the IPO route, it might concentrate wealth among institutional investors, leaving memes as the wild west for retail. But memes thrive on chaos—perhaps this shift could supercharge community-driven tokens, making them even more appealing.

Whether Hyperliquid proves to be the swan song of great airdrops or just another chapter, one thing's clear: Crypto's unpredictability keeps us all hooked. Stay tuned for more insights on how these dynamics play out in the meme world.