Swell (SWELL) Sold for $420,000 in Hyperliquid Auction

According to hypurrscan data, Swell (SWELL) was sold at a price of $420,000 in the auction on the Hyperliquid platform, which is higher than the last "RIFT" transaction price of $385,300. Hyperliquid's listing process is a 31-hour Dutch auction, during which the token deployment fee will drop linearly from the initial price to $10,000 in stablecoins (USDC) until a token is auctioned and listed on the Hyperliquid spot market. If the last auction fails, the initial price will be restored to $10,000 in stablecoins, otherwise the starting price of the auction will be twice the previous price.