The $PUMP token from Pump.fun is showing activity on the Hyperliquid trading platform, trading at a 40% premium to its ICO price. The public sale, set for July 12, is expected to draw investor attention.
Trading Information for $PUMP Token
The PUMP-USD pair on Hyperliquid is trading at $0.0056, while the ICO price will be $0.004 per token. Pump.fun is allocating 33% of its total supply of 1 trillion tokens for the ICO, with 18% already sold in private sales and 15% reserved for the public sale. All tokens will be unlocked at launch.
Positioning of Exchanges MEXC and Binance Ahead of Launch
The launch of the Pump.fun token has generated buzz among investors due to the platform's reputation in the crypto space. Open interest for the PUMP-USD pair on Hyperliquid has already surpassed $17 million. There is expected to be a surge in demand from exchanges like MEXC and Binance, which are looking to get a share of the upcoming token launch activity. MEXC has announced its PUMP token launchpad and is offering up to a 40% discount for traders buying via the exchange. Binance is also launching a PUMP perpetual contract.
Pump.fun's Strategy as a Web3 Platform
Since its launch in early 2024, Pump.fun has established itself as the leading launchpad for meme coins on Solana. The project is now aiming to be more than just a token creation platform, pushing to become a Web3 alternative to popular social media platforms such as TikTok and Facebook, rewarding users with real money instead of mere engagement. "We invented a completely new way to launch tokens and now aim to target legacy social media platforms," notes the founder of the company.
The emergence of the $PUMP token marks a new phase in the development of Pump.fun, which aims to carve out its niche in the Web3 market and attract new users. Given the activity on platforms like Hyperliquid, MEXC, and Binance, interest in the token continues to rise.
