PUMP Defies Gravity: Holding Strong at 40% Premium Post-ICO on Hyperliquid as Pump.fun Token Sale Looms

Memecoins aren't supposed to follow logic—but PUMP's 40% premium over its ICO price on Hyperliquid is turning heads. With Pump.fun's token sale on the horizon, traders are betting on irrational exuberance (again).

Here's why the market's ignoring the 'sell the news' playbook—for now.

The Hyperliquid premium suggests either genius price discovery or another case of 'number go up' hopium. Meanwhile, degens are piling in ahead of the Pump.fun sale—because nothing fuels a rally like FOMO chasing shiny new tokens.

Will PUMP sustain its momentum post-sale? History says no. The market says 'buy first, ask questions never.' Just another day in crypto's casino economy.

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.