Machi Big Brother Promotes Solana Meme Coin Amid Hyperliquid Season 3 Airdrop Speculation

Investors awaiting a potential Hyperliquid Season 3 airdrop have been drawn to a new Solana‑based meme token called Season 3 (ticker $S3). The promotion comes from the social media account Machi Big Brother, run by Taiwanese‑American entrepreneur Jeffrey Huang.

Promotion and Market Reaction

Huang suggested that holding $S3 would generate payouts in Hyperliquid’s native token $HYPE, using the phrase “let’s dance” that was previously used by trader Ansem for a different coin. After the recommendation, $S3’s price rose early on Tuesday but retreated by roughly 75% within hours.

Background on Hyperliquid’s Unconfirmed Airdrop

Hyperliquid has not officially announced a Season 3 airdrop. The protocol previously ran two point‑based phases, informally labeled Season 1 and Season 2, and released 310 million $HYPE (about 31 % of total supply) after its Genesis Event. No further distribution schedule has been confirmed, and an additional 388.88 million $HYPE remains unminted for future emissions.

Token Mechanics and Liquidity

The $S3 token mirrors a template used by other Solana projects, where token creators claim a share of trading fees once liquidity reaches a main pool. The primary $HYPE‑quoted launchpad pool accounts for about three‑quarters of $S3 trading volume, with roughly $3.6 million traded in the past 24 hours but only $175,000 of depth. Overall liquidity across all pools is near $500,000, and price discrepancies between pools exceed 60 %.

Risk Considerations

No named developer has confirmed the payout mechanism, and the promotion follows Huang’s recent history of large liquidations on Hyperliquid and the withdrawal of a $1 million Friend.tech offer. Potential buyers are paying for a speculative claim without official backing from Hyperliquid.