Hyperliquid Goes Live with PumpFun’s PUMP Token – Trade the Unreleased Hype Now!

Hyperliquid just flipped the switch on trading for PumpFun’s unreleased PUMP token—because why wait for a product when you can speculate on vaporware?

The Hype Machine Spins Up

No white paper? No problem. Traders are already piling into PUMP futures like it’s 2021, proving once again that crypto markets will FOMO into anything with a catchy ticker.

A Masterclass in Crypto Alchemy

Hyperliquid’s move turns abstract hype into tradable ‘value’—another triumph of financial innovation over pesky fundamentals. Who needs revenue when you’ve got vibes?

Warning: Turbulence Ahead

This is either the next memecoin moonshot or a liquidity grenade with the pin pulled. Either way, buckle up—it’s going to be a volatile ride.

Hyperp: A new type of perpetual contacts on Hyperliquid

A hyperp (short for Hyperliquid perpetual) is a unique type of perpetual futures contract developed by Hyperliquid. It is designed to trade unlaunched tokens like PUMP without relying on external oracle price.

These contracts use an 8-hour moving average of the hyperp’s internal mark price to determine funding rates. This way it offers greater stability and reduced manipulation risks compared to traditional pre-launch futures. 

In the announcement, Hyperliquid stated that PUMP-USD hyperps will be converted into a vanilla perpetual contract once the token is launched and listed for spot trading on any centralized exchange (CEX). 

When will the PUMP token be launched?

As of July 10, there are no official announcements specifying the exact launch date for the PUMP token. Rumors from on X (Twitter) and internal sources previously hinted that PumpFun will launch the token with potential $1 billion sale and airdrop as early as June 2025, but the co-founder Alon Cohen’s February 2025 denial of immediate plans leaves the launch date uncertain.  

Also read: Pump.Fun Co-Founder’s Ironic Remark Makes $4B Presale a Scam