Pump.fun has launched perpetual futures trading for crypto assets including Bitcoin and Ethereum, as well as RWA products covering the S&P 500, oil, and other U.S. stocks with leverage up to 50x, powered by Hyperliquid’s infrastructure. This feature is already live for users. Analysts estimate the integration could generate over $20 million in potential annualized revenue, with 50% of Pump.fun’s revenue allocated to PUMP buybacks and over 97% of Hyperliquid’s revenue directed to HYPE buybacks. The PUMP token has experienced a 34% correction in recent days, falling below key moving averages and flipping its market structure bearish.
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