Pump.fun Versus Hyperliquid: Is The PUMP USD March To $0.1 Unstoppable?

Numbers don’t lie. Once dismissed as a sideshow, meme coins have become indispensable to crypto. Dogecoin towers in the top 10 alongside “serious” projects like Tron and Cardano, boasting a market cap exceeding $38Bn as of October 3. While it’s the undisputed king of meme coins, challengers like PUMP crypto are carving out their own territory. As the native token of the Pump.fun launchpad, PUMP USD ranks among the top-performing meme coins.

The broader meme coin sector now commands over $82Bn in market cap, up +3% in the last 24 hours. Dogecoin may still reign supreme, but PUMP crypto is solidifying its spot in the top five, emerging as Solana’s most valuable meme coin. With a current market cap of $2.5Bn, it has flipped PENGU and widened its lead over BONK, Solana’s original meme coin.

(Source: Coingecko)

The PUMP USD relentless ascent is why traders and investors are closely watching Pump.fun. Data from Coinglass shows the long/short ratio for top Binance traders above 1, signaling that most are accumulating and buying the dip. This bullish skew is especially encouraging, arriving just as PUMP has endured a brutal -87% drawdown over the past year.

(Source: Coinglass)

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PUMP USD on the Rise: A New All-Time High in Sight?

The daily chart tells a straightforward story: Bulls are firmly in the driver’s seat.

PUMP is trading above $0.0072, with buyers piling on after several days of steady gains. Local support holds at $0.005, while the next resistance, and a prime target for optimistic traders, sits at $0.009.

Analysts anticipate this momentum will carry forward, even driving PUMP USD as high as $0.01 by Q4 2025 and building on the rebound from early Q3. After hitting a low of around $0.002 in August, PUMP crypto has surged more than +200%.

Even with those triple-digit returns, voices on X are calling for more.

One analyst notes that the PUMP USDT pair is approaching the rim of a classic cup-and-handle pattern.

$PUMP working towards a multi-month cup and handle.

If it plays out, the depth of this cup sets up for an explosive breakout. pic.twitter.com/iKNB6h9awt

— Ardi (@AltcoinArdi) October 2, 2025

If buyers seize control and push higher from the cup’s base, PUMP crypto traders should prepare for an “explosive” breakout.

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Why PUMP Could Hit $0.01: Pump.fun’s Edge Over Hyperliquid

Fueling this optimism are rock-solid fundamentals.

PUMP powers Pump.fun, Solana’s premier meme coin launchpad. The ecosystem extends beyond launches to include a streaming platform and the PumpSwap DEX.

In the past 24 hours, nearly 20,000 meme coins were deployed from Pump.fun, with just 95 “graduating” to trade on PumpSwap. Revenue flows from deployments on the launchpad and subsequent trading on the DEX.

(Source: Dune)

On September 30 alone, Pump.fun raked in over $1.3 million, inching its lifetime total toward the $1 billion milestone.

On average, one analyst estimates monthly revenue at slightly over $51.5 million, nearly $6 million lower than Hyperliquid’s, despite the decentralized perpetuals exchange commanding a fully diluted valuation of $50Bn (versus Pump.fun’s $7Bn).

Why is $Pump priced so low?

Pump sits at 1/8 of Hyperliquid's valuation but generates around half of its revenue.

People are bearish on future revenue but Pump has been a consistent cash cow since it first gained traction.

Through the low points, Pump still averaged 20-40M… pic.twitter.com/YhAVZuB2XF

— Minty (@DeFiMinty) September 30, 2025

This valuation disconnect is the crux: Pump.fun lags in market pricing but matches Hyperliquid in revenue generation and does better in token buybacks, aggressively snapping up PUMP from the open market.

As one analyst puts it, this mismatch screams undervaluation, especially given Pump.fun’s ironclad dominance in the meme coin launchpad arena.

With that kind of tailwind, the path to $0.01 (and beyond) looks not just possible, but probable.

Even still, investors should note that only +43% of all PUMP tokens have been unlocked. PUMP unlocks started in July 2025 and should continue until late 2029, when all tokens will hit circulation.