Most Undervalued Revenue-Backed Crypto Coins to Watch in July 2026

The cryptocurrency market has dropped by more than $2.3 trillion between October 2025 and July 1, but amid this decline, four revenue-backed crypto coins: Hyperliquid (HYPE), PumpFun (PUMP), Pancake Swap (CAKE), and Aave (AAVE), whose underlying blockchains generate revenues, are standing out.

Analyst Ted Pillows notes that the revenue earned by these blockchains is used to buy back their native crypto coins. These token buybacks then reduce the supply and boost the sentiment even when the broader market is bearish.

Per the analyst, traders should stop chasing narratives that most likely never play out in bear markets and instead focus on these revenue-backed crypto coins that return value to holders.

Hyperliquid Tops $14M in Weekly Revenues as Institutional Demand Soars

Data from TokenTerminal shows that Hyperliquid generated $14.13 million in revenue for the week between June 22 and June 28.

These $14 million in revenue comes from the $2.06 billion in DEX volumes that Hyperliquid recorded during the same week per DeFiLlama data.

Hyperliquid uses 93% to 99% of these revenues to buy back HYPE tokens, which then reduces the supply, eases the selling pressure, and creates room for the price to gain.

SoSoValue data shows that institutions are betting on revenue-backed dynamics of this crypto coin after spot HYPE ETFs recorded $111.3 billion in inflows in the week of June 22 to June 26.

In comparison, Bitcoin ETFs had $1.79 billion in outflows during the week, while Ethereum ETFs had $273 million in outflows.

The sentiment around the HYPE token also remains bullish because the price is up by 2.89% between June 24 and July 1, while BTC and ETH have dropped by 6% and 5%, respectively, within the same period.

HYPE Crypto Coin Technical Outlook as Bear Flag Forms

HYPE price gained from $60 on June 28 to $67 on June 29 before dropping to $64 today, July 1. This price movement has created a bear flag pattern with a height of 12%.

The price of this revenue-backed crypto coin could rise by 12% if it overcomes the barrier of this bear flag pattern at $64. Closing above this barrier of $64 for three straight days might push the price to $71.

The RSI reading of $48 suggests that the short-term momentum is still favoring bears. If bears tighten their grip and HYPE drops below the support of $64, it might retest the June 25 low of $58.

However, Hyperliquid’s rising revenues support a bullish long-term HYPE price forecast, especially if institutions continue betting on the token through ETFs.

PumpFun Generates $3.89M In Revenues Despite Waning Meme Coin Activity

PumpFun is also another revenue-backed crypto coin whose revenues reached $3.89 million between June 22 and June 29, per TokenTerminal data.

This meme coin on Launchpad continues to record revenues even when the meme coin market cap has dropped by $115 million.

Analyst Ted Pillows notes that PumFun had $459 million in revenues between July 2025 and July 2026, making it the second-biggest blockchain by revenues after Hyperliquid.

Just like HYPE, PUMP price has set itself apart from other crypto coins, and it has increased by 1.4% between June 22 and June 29.

That increase shows that the mechanism where Pumpfun uses 50% of the revenue that it generates to buy back PUMP tokens is easing selling pressure and increasing demand, which in turn supports gains in price.

PUMP Price Tests 20-day EMA Resistance as Bearish Pressure Wanes

The price of the PUMP token is testing the barrier at the 20-day EMA of $0.00144. Making three daily closes above $0.00144 might push the price to the 50-day EMA of $0.00156.

A move above the 100-day EMA level of $0.00174 could support a bullish long-term PUMP price forecast, and the revenue-backed crypto coin could then target the May 10 high of $0.0022.

The AO bars that are green despite being on the negative side also suggest that bears are losing their grip on the market, and PUMP price could close above the 20-day EMA level of $0.00144.

PancakeSwap Revenues Jump to $2.69B

TokenTerminal also shows that the PancakeSwap DEX platform generated $2.69 billion between June 22 and June 29, and most of this came from DEX trading activity.

Data from DeFiLlama shows that the DEX volumes for this revenue-backed crypto coin reached $4.66 billion in the week of June 22, higher than the $4.51 billion seen in the week of June 15.

Pancake Swap uses part of the revenues that it generates from trading activity to buy back CAKE tokens before sending them to a burn address and removing them entirely from the supply.

This burn mechanism has reduced the number of CAKE tokens that are in circulation from 326 million to 307 million, and this casts a bullish outlook on the PancakeSwap long-term price forecast if demand rises.

CAKE Price Outlook as AO Bars Flash a Bearish Divergence on the Crypto Coin

The AO bars on CAKE’s daily chart that are green despite being negative have created a bullish divergence.

This is because the bars are suggesting bearish pressure is waning even as the price drops.

The price of CAKE has moved to the support of $1.26, and if it moves below it, bears might pull the price down to the June 1 low of $1.127.

But if bears weaken their grip on CAKE as the AO bars hint, the price might rise to $1.63.

Aave Revenues Jump As Demand for the Crypto Coin Soars

Aave is one of the top revenue-backed crypto coins that traders are watching, especially now that rumors are swirling around Kraken purchasing a 15% stake in Aave.

While the founder of Aave, Stani Kulechov, denied the claims about Kraken’s investment in the company, the revenues rose to $1.98 million per TokenTerminal data, suggesting that the news increased interest in the platform.

Data from DeFiLlama also shows that the fees paid on Aave in the week between June 22 and June 29 reached $7.48 million.

The price of this revenue-backed crypto coin has also increased by 15% from $70 on June 24 to $86 today, July 1.

AAVE Technical Outlook as Bears Test Support

AAVE has dropped to test the support level of 85. This drop comes as the volume bars that are red show that selling pressure is more than buying pressure,

A move below this support of $85 might push AAVE price to the June 23 low of 70.

The RSI reading of 57 suggests that bulls are in control, and AAVE price might rise to $95. But this RSI line is also dropping, suggesting that buying pressure is waning.