What Is Hypurr Fun: The PumpFun of Hyperliquid

Hypurr Fun is a Telegram trading bot designed to simplify the launch and trading of meme coins on Hyperliquid. It allows users to take part in token launches, keep track of their performance, and interact with other traders in exclusive Whale Chats — all with just a few clicks. This guide explores Hypurr Fun, its surrounding ecosystem, and the benefits it offers for users trading meme coins on Hyperliquid.

Hypurr Fun: An overview

The team behind Hypurr Fun calls it the “ultimate Telegram trading bot for Hyperliquid.” If you’re not already familiar with Hyperliquid, let’s take a quick detour to summarize its key aspects.

There is also a decentralized exchange (DEX) by the same name powered by the Hyperliquid blockchain. The Hyperliquid exchange, aided by its proprietary L1, aims to combine the perks of decentralized finance (DeFi) with the convenience of centralized finance (CeFi).

The platform promises a transaction speed of over 100,000 TPS with minimal latency. This places its performance on par with that of leading centralized exchanges.

So, with the basics out of the way, now let’s explore how Hypurr Fun uses Hyperliquid’s advanced features to provide a smooth trading experience on Telegram.

What Hypurr Fun offers

As a Telegram-based bot, Hypurr Fun is among the easiest options when it comes to launching and trading meme coins. The minimalistic interface is practical for all user groups, and it goes easy on the eyes.

It also packs some interesting features, including:

• PnL tracking: Hypurr Fun allows you access to detailed historical reports to monitor and analyze trading performance.
• $HFUN buyback: All trading fees are fully reinvested into purchasing $HFUN tokens, the native token on Hypurr Fun. Among other perks, this strengthens the ecosystem.
• Sniping and trading tools: These let you automatically purchase tokens upon listing. Additionally, the platform offers customizable options like Max Exposure and Max Market Cap.
• Portfolio management: This feature makes it easier to manage meme coin portfolios using tools such as TWAPs, dumping options, and other advanced features.
• Referral program: You can invite friends and earn 10% of their trading fees indefinitely through the referral system.
• Responsive interface: Hypurr comes with a fast and efficient interface designed for simplified trading interactions.
• Customizable settings: You have the option to adjust slippage tolerance, entry sizes, and exit percentages to match your overall trading strategy.
• 24/7 availability: The bot operates continuously with minimal downtime to ensure uninterrupted access.
• Security: It lets you protect your wallet with advanced cryptographic standards for enhanced safety.
• Alert notifications: Receive real-time updates on new listings, trending tokens, and critical trading opportunities.

Under the hood: How the Hypurr Fun bot works

Here’s how it works without diving deep into the technical nitty-gritty:

• For starters, users, such as token creators (e.g., FARM Deployer), can launch new tokens using the bot. Buyers can then purchase these tokens at launch or trade existing tokens already available on the Hyperliquid platform.
• Next, the bot connects to the backend system, which keeps track of token details, user accounts, and transaction data. Users make payments in USDC or other supported currencies, and the system processes these transactions to complete token purchases or add funds to their accounts.
• For pricing, the system uses a mechanism called CPMM (Constant Product Market Maker), which dynamically calculates token prices based on market activity.
• Additionally, a small fee (e.g., 1%) is charged on trades, and these fees are distributed to designated accounts, like the HFUN Fees Receiver or liquidity pools.
• Once tokens are launched, they follow specific standards (e.g., size, decimals, and gas prices). Spot trading pairs for these tokens are then deployed on the Hyperliquid DEX to ensure smooth trading with sufficient liquidity.
• Finally, tokens are listed on the Hyperliquid DEX with pairs like FARM/USDC and HFUN/USDC. Traders can easily buy, sell, or manage tokens directly on the exchange.

Hypurr markets explained

The Hypurr ecosystem includes two distinct markets, each designed to address specific trading and token launch needs. Here’s a quick overview of both:

The Hypurr Spot Market

The Hypurr Spot Market is a trading desk accessed through the Hypurr Fun Bot (as explained above). The bot interacts with the spot market to execute trades by leveraging real-time token data and on-chain processes provided by the Hyperliquid blockchain.

Its key features include:

• Real-time data: The bot fetches accurate token details from the Hyperliquid blockchain for commands like “/tokens”.
• On-chain execution: Trades are processed directly on the blockchain, with instant updates to user wallets.
• Convenience: Users can trade tokens effortlessly without leaving the Telegram app, combining simplicity with powerful trading tools.

Here’s what you can do in the spot market:

• Spot trading: You can buy and sell pairs like HFUN/USDC or use strategies like TWAP for optimized trades.
• Sniping: You gain the ability to instantly act on new token listings, with $HFUN holdings boosting your priority.
• Airdrop management: Automatically sell airdropped tokens using the dumper feature to save time and capitalize on opportunities.

The Hpump market

The Hpump Market actively builds liquidity and determines fair pricing for tokens within the Hypurr ecosystem before their launch on the Hyperliquid DEX. It offers a structured, automated process tailored for token creators to ensure that tokens are market-ready with sufficient liquidity and balanced pricing.

Here’s a simplified overview of the core underlying mechanics:

• Bonding curve model: This model allows prices to adjust dynamically as buyers increase USDC inflow (X) and reduce token supply (Y) using the formula X ⋅ Y = K. This approach ensures stability in price and liquidity.
• Auction trigger: The system triggers an auction when the accumulated USDC meets the auction threshold (X ⋅ 0.65 ≥ auction price), which automatically creates the token on Hyperliquid.
• USDC allocation: It allocates 65% of the collected funds to cover deployment costs and adds 35% to liquidity pools. This method establishes a steady buy-side market.

Now, let’s have a look at what happens behind the scenes:

While the Hpump Market might appear straightforward to users, its backend involves several automated processes:

• Token creation: When a new token is launched, the system generates a unique HL wallet, links it to the token’s ticker, and initializes a database to manage key details like USDC balance (X) and token supply (Y).
• Trade execution: As users buy tokens, the backend calculates prices and outputs using the CPMM formula. It then interacts with Hyperliquid APIs to process trades and update the database.
• Monitoring: The backend actively monitors the auction price to ensure token creation occurs only when liquidity meets the necessary threshold.

$HFUN token

The native token of Hypurr Fun, $HFUN, serves as an important element within the platform’s ecosystem. It was introduced as a test token for the Hypurr Fun Telegram bot.

Its total supply is capped at 1 million tokens. The distribution allocated 30% to $PURR holders, 30% to the token’s creators, and the remaining 40% to Hyperliquidity.

Since its launch, it has demonstrated notable market performance:

• Market cap (as of Jan. 14, 2025): $172.80 million
• Circulating supply: 997.28K HFUN
• Release date: Dec. 13, 2024
• Issue price: $174.06
• Fully diluted market cap: $180.72 million
• Max supply: 1.00M HFUN

What are Whale Chats?

Whale Chats are exclusive Telegram groups available to token holders who meet specific ownership thresholds. These “gated” communities bring together some of the most active and influential members of the ecosystem. The goal of these chats is to offer valuable insights, meaningful discussions, and unique opportunities.

To access these exclusive groups, you have to link your wallet in read-only mode. Once verified, you’ll automatically gain entry to the Whale Chat corresponding to your token holdings. The benefits of joining one of these groups include early access to key market insights alongside the ability to explore opportunities that are available only to top holders.

Hypurr Fun limitations

Like any other product, Hypurr Fun has certain limitations despite all its potential — its reliance on Telegram, for instance. Theoretically, any disruptions, changes in Telegram’s API policies, or security vulnerabilities could potentially affect Hypurr Fun’s accessibility and functionality.

Similarly, Hypurr Fun is confined to the Hyperliquid ecosystem. While Hyperliquid offers decent performance and features, the bot’s specialization means that traders are restricted to this particular blockchain. This lack of cross-platform compatibility may be a turn-off for some users.

There are additional challenges as well, such as potential regulatory hurdles, though these are not serious concerns at this stage.

Is Hypurr Fun the right choice for you?

With its advanced trading tools, smooth integration with Hyperliquid, and exclusive community features like Whale Chats, Hypurr Fun offers a fine balance between convenience and efficiency. It’s a well-rounded toolkit to have whether you are managing meme coin portfolios, sniping newly listed tokens, or launching your own tokens. That said, meme coins can be highly unpredictable — even by crypto standards. So, it’s crucial to research thoroughly, manage risks carefully, and never invest more than you can afford to lose.