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PUMP Lingers at 40% Premium Over ICO Price on Hyperliquid Ahead of Pump.fun Token Sale
Pump.fun’s token is already trading above its $0.004 ICO price on Hyperliquid, with over $18 million in volume and 3x leverage available. Binance Futures listing comes next.
Jul 10, 2025, 5:22 a.m.
What to know:
- Pump.fun's token, PUMP, is trading at $0.0056, 40% above its ICO price, ahead of its July 12 sale.
- The PUMP-USD perpetual pair launched on July 9, generating $30 million in trading volume in its first 24 hours.
- Pump.fun aims to create a decentralized social platform as a Web3 alternative to TikTok, Twitch, and Facebook.
Pump.fun’s official token, PUMP, is trading at a mark price of $0.0056 on derivatives platform Hyperliquid, a value 40% above its upcoming ICO price, as futures begin pricing in demand ahead of the July 12 token sale.
The token’s PUMP-USD perpetual pair went live on July 9 following community requests, offering up to 3x leverage. In its first 24 hours, the pair generated $30 million in trading volume, suggesting strong speculative interest despite the token not yet being live on-chain.
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Open interest stood at over $17 million as of Asian morning hours Thuesday, but activity is expected to accelerate after Binance Futures launches its own PUMP perpetual contract on July 10 at 07:30 UTC.
The Pump.fun ICO will distribute 33% of PUMP’s total 1 trillion token supply, with 18% already sold in a private round and 15% reserved for the public sale, both priced at $0.004. All tokens will be fully unlocked at launch.
Pump.fun is positioning the token as part of a broader strategy to build a decentralized social platform pitched as a Web3-native alternative to TikTok, Twitch, and Facebook, where users are rewarded with money, not just engagement.
The protocol has already generated over $600 million in revenue, largely from fees on meme coin launches, and has been at the center of Solana’s low-friction token boom since early 2024.
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