Hyperliquid News Today: PUMP Rises as Pump.fun's Revenue and DEX Volume Plunge

Generated by AI AgentCoin WorldReviewed byAInvest News Editorial Team
Friday, Oct 24, 2025 1:30 pm ET1min read
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- PUMP token maintains $0.0040+ valuation amid declining Pump.fun revenue ($3.7M/week) and DEX volume ($276M), contrasting broader crypto market volatility.

- Bitcoin's $111,000 surge fuels crypto optimism, while PUMP's user-friendly platform and low fees sustain its meme coin launchpad dominance despite September's $0.0089 peak.

- Technical indicators show RSI at 42 and 50-day moving average support, but analysts warn prolonged DEX volume declines risk eroding investor confidence in range-bound markets.

- Hyperliquid's $317.6B October trading volume highlights DEX growth potential, yet centralized exchanges like Binance still dominate daily trading activity.

Pump.fun's native token, PUMP, has shown resilience in a volatile market, trading above $0.0040 as of October 24, 2025, despite declining platform revenue and decentralized exchange (DEX) volume,

according to FXStreet
. The token's performance aligns with broader crypto market optimism, as
Bitcoin
(BTC) surged past $111,000 earlier in the day. Analysts note that PUMP's bullish momentum is driven by its user-friendly platform and low fees, which have cemented its position as a leading
meme
coin launchpad.

Pump.fun's revenue has experienced a sharp decline, averaging $3.7 million per week in October after peaking at $12.2 million in early September. This drop follows a record high for the token of $0.0089 in September, driven by the launch of PUMP itself. The correction mirrors wider crypto market jitters, fueled by macroeconomic uncertainty, the U.S. government shutdown, and a lack of new catalysts. Similarly, DEX trading volume on Pump.fun has plummeted from a peak of $976 million in late September to approximately $276 million this week, signaling waning interest in meme coin speculation.

Technical indicators, however, suggest a potential rebound. PUMP's Relative Strength Index (RSI) has climbed to 42, indicating easing bearish momentum, while the token remains above its 50-day moving average. Traders are watching for a breakout above the exponential moving average (EMA), which could trigger further gains. The broader DEX landscape also offers a mixed picture: while Pump.fun's volume has contracted, decentralized perpetual trading platforms like

Hyperliquid
have driven total DEX volume past $1 trillion in October, with Hyperliquid alone processing $317.6 billion in trades. This growth highlights improving speed and liquidity on decentralized platforms, though centralized exchanges (CEXs) like Binance still dominate daily trading volume.

The divergent trends underscore the challenges facing Pump.fun. While the platform's innovation and accessibility have attracted retail investors, sustained growth will depend on maintaining user engagement amid a crowded meme coin market. Analysts caution that prolonged declines in DEX volume could erode investor confidence, particularly if the broader crypto market remains range-bound.