Pump.fun expands to HyperEVM amid large PUMP token transfers

Pump.fun, a prominent memecoin launchpad originally built on Solana, has expanded its services to HyperEVM, the execution layer developed by the decentralized derivatives exchange Hyperliquid. This integration allows users to trade HyperEVM tokens using USDC through the existing Pump.fun interface, featuring near-zero fees and “callout rewards.”

In a separate development regarding the platform's native token, PUMP, on-chain data indicates that three interconnected addresses transferred approximately 19 billion PUMP tokens to exchanges including Coinbase Prime and OKX. The value of these transferred tokens is estimated at $91 million. These addresses previously received 70 billion PUMP during a token allocation in August 2025. While the identity of the wallet owners remains unconfirmed, the movement has led to speculation regarding potential selling pressure from early investors or team members. Associated wallets continue to hold roughly 51 billion PUMP tokens, valued at approximately $251 million.