The coin page that
trades perps and
burns itself.

Follow one trade
from fill to burn.

2. Trader

   $20,000

   Opens a HYPE perp long from the $yourcoin page.

3. Builder fee

   $10.00

   0.05 % of the fill, charged by Hyperliquid on top of its own fee.

4. Split

   $5.00 burn$5.00 platform

   Half goes to $yourcoin, half to the platform. Fixed in the batch.

5. Daily batch

   00:00 UTC

   Fees are claimed, swapped to Unit SOL on Hyperliquid spot and withdrawn to Solana through Unit.

6. On chain

   $5.00 of SOL

   SOL buys $Turn, $Turn buys $yourcoin, and the coins are burned. Both txs are on the coin page.

Worked example with the fixed rates. The trade size is an example; the percentages are the ones the batch applies.

What is $Turn?

The platform token every coin is paired with. Coins launch on pump.fun quoted in $Turn instead of SOL, so every buy, sell and buyback of any coin also trades $Turn. You still pay and receive SOL: the site routes SOL → $Turn → coin in one transaction.

Where does the buyback money come from?

Only from the 0.05 % builder fee on HYPE perp orders placed from a coin's page. If nobody trades perps there, nothing is bought back. There is no treasury and no emissions.

What does a launch cost?

Account rent and network fees in SOL (about 0.05 SOL, shown in your wallet before you sign), plus an optional first buy. Every curve trade then pays pump.fun's 1.25 %: 0.95 % protocol and 0.30 % creator fee, paid in $Turn. The creator fee is shared 50 / 50 between you and the platform, locked at launch.

When does a coin graduate?

When its pump.fun curve has sold its 793.1M coins. pump.fun then migrates it to a PumpSwap pool, still paired with $Turn, and trading on this page continues through that pool.

Who can change the split?

The 50 / 50 creator fee split is a pump.fun fee sharing config, locked in the launch batch: nobody can change it. The 50 / 50 builder fee split is applied by the daily batch run by the team's worker. Every batch and every buyback is public on the stats page so you can check it.

Do holders need to claim anything?

No. Buybacks burn coins directly with an SPL burn. Creator fees are swept and distributed to the creator and the platform by a public crank, in $Turn.

What is HYPE long mode?

A switch the creator picks at launch, written into the coin's metadata for good. The builder fee splits 50 % platform, 25 % buyback and burn, 25 % margin for a 3x isolated HYPE perp long held in the coin's own public Hyperliquid account. In v1 the long is never closed or withdrawn. If it is liquidated, that margin is lost and the next batch opens a new long.

Is there a presale, team allocation or airdrop?

No. Every coin starts on its pump.fun curve with the same rules for everyone. The creator's optional first buy is a normal trade, in the launch batch.

What can go wrong?

A coin can go to zero, and every coin is priced through $Turn, so a $Turn drop moves them all. Perps use leverage and can liquidate your margin. The batch runs once a day; if a step fails, that day's share carries to the next batch. A coin's share under $10 rolls over, and the whole burn share waits while it is under Unit's 0.12 SOL withdrawal minimum.

Which wallet do I need?

A Solana wallet such as Phantom, Solflare or Backpack, with SOL, for coins. For perps, an EVM wallet (Rabby, MetaMask, or Phantom's EVM account) holding USDC in a Hyperliquid account; the page walks you through a one time setup of three signatures.

Is it audited?

No. There is no custom program (pump.fun, PumpSwap, pump fee sharing and SPL burn only), but the site and the batch worker are not audited. Use amounts you can afford to lose.