Hyperliquid's alteration of token symbols has sparked controversy, Pixelmon's $500,000 purchase rights have been covered.

According to ChainCatcher news and The Defiant report, Hyperliquid has sparked controversy for unilaterally changing the Token symbol. The gaming project Pixelmon purchased the MON Token symbol through Hyperliquid's permissionless auction feature for nearly $500,000 earlier this year, but the symbol has now been replaced by Monad's MON Token. In the Hyperliquid front-end interface, Pixelmon's MON has been changed to MONPRO, while Monad has become the default MON, being the token deployed by the leading tokenization layer Unit. Although the block explorer technically shows that Pixelmon still holds the MON symbol (Monad is UMON), Hyperliquid Labs has overridden the front-end display, raising questions about the exchange's decentralization claims. Crypto game investor Grail.eth criticized that Hyperliquid has effectively deceived all Token symbol auction buyers, forcibly taking Pixelmon's MON and handing it over to Monad. The entire value proposition of purchasing these symbols was the immutability of the purchase and the frontend interface. According to previous news, Pixelmon's MON plummeted 98% after its launch in May 2024, with its market capitalization dropping from $53 million to $6 million.