Looking at the Two Main Meme Coins on Hyperliquid: Can It Still Go Up?

Interest in meme coins on Hyperliquid is rising again following a major price jump in its native token, $HYPE. As the ecosystem gains momentum, two standout tokens have captured the spotlight: PURR and Hypurr Fun. 

While both are part of the same trading ecosystem, their functions and appeal are quite different. 

PURR is the original meme coin on Hyperliquid, while Hypurr Fun is an active bot platform with utility features tied directly to trading activity. Let’s take a closer look at how they compare and what might lie ahead.

PURR: The Original Meme Coin of Hyperliquid

PURR holds the honour of being the first meme coin launched on the Hyperliquid platform. As a result, it has built a strong community and recognition within the ecosystem. 

While it does not have a utility layer like Hypurr Fun, its status as a pioneer gives it a special place among Hyperliquid users. Many holders treat PURR as a cultural staple, a kind of mascot for the chain’s early meme culture.

At the time of writing, PURR is priced at $0.3058, marking a 16.5% rise in the past 24 hours. Its market cap sits at approximately $182.5 million, with a 24-hour trading volume of over $29.7 million. 

The circulating supply is about 597 million, with a maximum cap set at 1 billion tokens. PURR’s price has seen a remarkable increase of over 156% in the past year, with 109% of that growth occurring just in the past seven days.

The recent upward movement is closely tied to the broader rally on Hyperliquid, especially following $HYPE’s new all-time high. As confidence grows in the ecosystem, early tokens like PURR tend to benefit as traders return to familiar assets with proven liquidity. 

The chart shows a clear breakout in May, suggesting that PURR may be on track to revisit previous highs seen in late 2024 when it briefly approached the $0.70 mark.

However, it is worth noting that PURR is not tied to any trading utility or product. Its value is based on sentiment, nostalgia, and community strength rather than direct usage. 

While this can lead to strong rallies during hype cycles, it may also mean periods of stagnation between those runs. Even so, its current performance indicates renewed attention from traders.

Read more: Is There a New Hyperliquid Airdrop? Clarifying the Rumors

Hypurr Fun: A Utility-Backed Meme Coin with Real Trading Features

Hypurr Fun (HFUN) offers a different approach. Rather than being just a token, it powers an entire Telegram-based trading platform. 

The Hypurr Fun bot allows users to buy and snipe meme coin launches directly from Telegram with advanced features like PnL tracking, launch alerts, referral rewards, and automated buys. 

Every trade made through the platform feeds directly into HFUN’s buy pressure, since 100% of the trading fees are used to purchase the token.

HFUN is currently priced at $82.98, also up by 16.2% over the past 24 hours. Its market cap is approximately $82.6 million, based on a circulating supply of just under 1 million tokens. The small supply is a key reason for the high price per coin. 

In terms of price action, HFUN has grown by 191.6% over the past month and 63.7% in just the past week, suggesting strong interest from utility-focused traders.

Compared to PURR, Hypurr Fun is much more actively tied to trading behaviour. As more users trade via the Hypurr bot, more fees are generated, and more HFUN is bought from the market. 

This creates a feedback loop that helps sustain momentum during periods of high meme coin activity. 

Its interface has also been optimised to feel responsive, with settings for slippage, entry size, and notifications for new token listings. Importantly, the platform also claims robust security for user wallets.

While HFUN is younger than PURR, its added functionality and integration with trading workflows make it a strong contender for long-term growth. 

Traders who are actively participating in the meme coin economy may find it more compelling than PURR due to its link with real activity and rewards.

Read more: A Whale Just Bet Big on Bitcoin After Its New ATH!

The HYPE Effect and What It Means for Both Tokens

The recent price surges seen in both PURR and Hypurr Fun are not isolated events. They closely follow the upward trajectory of Hyperliquid’s own token, $HYPE, which recently hit a new all-time high. 

This has sparked renewed interest in the entire ecosystem, as traders revisit projects that were once dormant or undervalued.

When the underlying platform token performs well, it usually triggers a wave of speculative activity across its broader ecosystem. 

In this case, both PURR and HFUN are among the most visible and accessible meme coins on Hyperliquid. Their charts clearly show a sudden jump in volume and price, reflecting the spillover effect from the $HYPE rally.

For PURR, the HYPE-driven attention is pushing it closer to the $0.35 range after spending months near $0.10. 

The spike in volume indicates a strong comeback narrative for early holders, as well as FOMO from new entrants. However, sustainability will depend on whether the community can maintain interest beyond the initial pump.

In HFUN’s case, the effect of $HYPE’s rise is amplified by trading volume. As users return to Hyperliquid to explore new launches, many are doing so through the Hypurr bot. This increases platform usage, which in turn supports HFUN’s market value. 

The direct connection between product usage and token purchases makes HFUN more reactive to activity surges and less reliant on sentiment alone.

The current environment suggests that if the $HYPE momentum continues, both tokens may still have room to grow. PURR benefits from nostalgia and branding, while HFUN benefits from function and performance. 

The balance between those two narratives will likely shape how each coin performs over the coming weeks.

Read more: Hyperliquid (HYPE) Overtakes Ethereum in Revenue

Conclusion

The Hyperliquid ecosystem is gaining traction once again, led by the rise of $HYPE and followed closely by meme tokens like PURR and Hypurr Fun. 

PURR remains a symbol of the chain’s early days, while HFUN is becoming a functional gateway to on-chain trading. Both serve different purposes, but each is riding the same wave of renewed enthusiasm.

If you are exploring opportunities in the meme coin market, consider using a secure platform like Bitrue. With its user-friendly interface and strong safety features, Bitrue offers a better way to manage your assets during fast-moving market cycles.

Frequently Asked Questions

1. What is the difference between PURR and Hypurr Fun?

PURR is the first meme coin on Hyperliquid, built around community and sentiment. Hypurr Fun is tied to a Telegram-based trading bot and gains value from actual usage.

2. Why are these tokens pumping right now?

Both tokens are benefitting from the rise of Hyperliquid’s main token, $HYPE, which has reached a new all-time high. This has brought fresh attention and activity to the ecosystem.

3. Which one has more utility?

Hypurr Fun offers more functional utility, with real-time trading features, automatic buys, alerts, and fee-based token buybacks. PURR is more of a cultural asset with strong brand presence.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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