$PUMP Token Trades at Premium as Whales Hedge Before   Pump.fun ICO Launch


Three major traders have deposited $11 million in $USDC on Hyperliquid to short $PUMP perpetual contracts ahead of the July 12 token sale.


$PUMP open interest surged past $43 million on Hyperliquid since the platform listed the pre-market token.


#Binance also listed a $PUMP perpetual contract, generating over $12 billion in trading volume.


$PUMP initially traded at a 40% premium to its announced $0.004 sale price before declining.


The token peaked at $0.0056 on #Hyperliquid before dropping to around $0.0048 at the time of writing.


Current pricing values   Pump.fun at $4 billion, exceeding the initial $1 billion target valuation.


Polymarket shows 76% odds that the fully diluted valuation will exceed $4 billion within 24 hours of launch.


The #Solana-based #memecoin launchpad announced revenue sharing alongside the #ICO plans.

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July 10, 2025 at 5:13 PM
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