Pumpfun Token Pre-sale: Hyperliquid platform price premium of 40%, indicating market enthusiasm?

The popular project Pumpfun in the Solana ecosystem is set to launch its official token PUMP for public sale on July 12. However, before the official sale, the PUMP token has already shown impressive market enthusiasm on the derivatives platform Hyperliquid. Its trading price not only surpassed the pricing of the initial coin offering (ICO) but also exhibited significant premiums, attracting considerable speculative interest. This wave of excitement suggests that the PUMP token may perform strongly after its listing and reflects the market's expectations for the future development of the Pumpfun platform.

1. The "Pre-Launch Sensation" of PUMP Token on Hyperliquid

(Source: Hyperliquid)

According to the latest data, the official token PUMP of Pumpfun has reached a trading price of 0.0056 USD on the derivatives platform Hyperliquid, which is 40% higher than its upcoming ICO price of 0.004 USD. This indicates a strong market demand for the PUMP token, with investors willing to pay a higher price to position themselves early.

At the request of the community, the PUMP-USDT perpetual contract was launched on Hyperliquid on July 9, offering up to 3x leverage. Within 24 hours of its launch, the trading volume for this trading pair reached 30 million dollars, indicating that despite the fact that the token has not yet been officially issued, speculative interest remains strong.

2. Details of PUMP Token Issuance and Pumpfun's Grand Vision

Pumpfun ICO will distribute 33% of the total supply of 1 trillion PUMP tokens. Of this, 18% has been sold in the private sale round, and 15% is reserved for public sale, both priced at $0.004. All tokens will be fully unlocked at issuance, which means market liquidity will be fully released at the first moment.

Pumpfun positions its Token as part of a broader strategy aimed at building a decentralized social platform, serving as a Web3 native alternative to TikTok, Twitch, and Facebook. On this platform, users are rewarded not just with engagement but also with substantial monetary returns. This grand vision aims to redefine the value distribution model of social media through blockchain technology, allowing content creators and participants to truly benefit from their contributions.

3. The "Money Printer" Strength of Pumpfun and the Boom of the Solana Ecosystem

Since its launch, the Pumpfun platform has demonstrated impressive profitability. The protocol has generated over $600 million in revenue, primarily from fees related to meme coin issuance. Since the beginning of 2024, Pumpfun has been at the center of the Solana low-friction token craze, becoming a major driver of meme coin issuance in the Solana ecosystem.

Its unique "one-click token issuance" model has greatly lowered the issuance threshold for meme coins, attracting a large number of creators and speculators. This efficient "printing press" model not only brings substantial revenue to the platform but also establishes its unique position in the cryptocurrency market. The premium trading of PUMP tokens on the Hyperliquid platform is a testament to the market's recognition of the past performance and future potential of the Pumpfun platform.

Conclusion:

The PUMP Token has shown strong market demand and significant premiums on the Hyperliquid platform even before its official sale, undoubtedly injecting confidence into its upcoming ICO. This not only reflects the market's recognition of the Pumpfun platform as a "meme coin printing machine," but also embodies investors' expectations for its grand vision of a "Web3 social platform." With the official sale of the PUMP Token and its future listings on more mainstream exchanges, we will continue to monitor its performance in the market, as well as how Pumpfun gradually realizes its vision of a decentralized social platform.