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Pump.fun token $PUMP is trading at a 40% premium to its ICO price on derivatives platform Hyperliquid, as anticipation builds ahead of its highly awaited public sale on July 12.
The PUMP-USD perpetual pair is trading at $0.0056, while its ICO will be priced at $0.004 per token
Pump.fun is allocating 33% of its 1 trillion-token supply to the ICO, with 18% already sold privately and the remaining 15% set aside for the public sale. All of the tokens will be unlocked at launch.
MEXC, Binance And Others Position Ahead Of Pump.Fun Token Launch
Given Pump.fun’s reputation in the crypto space, the launch of its own token has investors buzzing. Open interest for the Hyperliquid-based PUMP-USD pair already reached over $17 million in the Asian morning hours.
Demand is expected to soar as MEXC and Binance, two leading crypto exchanges, move to get a share of the upcoming PUMP token launch activity.
In an X post yesterday, MEXC unveiled its PUMP token launchpad, and is offering an up to 40% discount for traders who buy via the exchange. The launchpad will distribute 1,312,500,000 PUMP.
Binance, the largest crypto exchange platform in terms of daily trading volumes, launched a PUMP perpetual contract today at 7:30 a.m. UTC. Other popular centralized exchanges are also welcoming the token to their platforms.
Pump.fun To Transition From Meme Coin Launchpad To Web3 Social Platform
Pump.fun made a name for itself in the crypto space as the top Solana meme coin launchpad during multiple bouts of meme coin mania over the past year.
Now, it aims to be more than just a token creation platform. The project is pushing to become a Web3 alternative to popular social media platforms such as TikTok, Twitch and Facebook that rewards users with actual money instead of just engagement.
today we announce $PUMP
pump fun invented a completely new way to launch tokens, owned this crypto cycle, and became one of the most successful startups ever. now, we’re aiming to kill legacy social media platforms.$PUMP will fuel our domination of crypto and social media. 🧵 https://t.co/QquZkazymi
— alon (@a1lon9) July 9, 2025
That’s after the platform generated more than $600 million in revenue since its launch in early 2024.
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