Hypersonic heating loads concentrate at leading-edge compression areas to create excessively high local temperatures and thermally driven stresses. The fast and reliable thermal dispersion of heat pipes with significantly high thermal conductance can alleviate these localized thermal stiffness problems. The pulsating heat pipe (PHP) holds numerous advantages when compared to capillary, constant-conductance heat pipes for hypersonic thermal management applications, primarily because they lack a wicking structure. This paper numerically investigates thermal performances of a four-turn C103 niobium alloy PHP operating with lithium, potassium, sodium, and a eutectic sodium–potassium alloy (NaK-78) when exposed to heating conditions relevant to the hypersonic environment, investigating flight Mach numbers ranging from 6 to 8 and dynamic pressures ranging from 40 to 44 kPa. The robust thermofluidic properties of liquid metals, along with the powerful fluid pulsation induced in the PHP, can provide significant thermal transport from hot stagnant regions of the leading edge to the cooler trailing surfaces. Potassium showed superior thermal performance when compared to other liquid metal coolants under the presently tested conditions, with overall PHP thermal conductance as high as 34 W/K predicted for Mach 8 flight conditions. In contrast, sodium was associated with startup difficulties in the PHP; this paper attributes this to its significantly larger thermal conductivity, which can limit the vapor pressure difference over the liquid slug lengths. These predictions indicate an overall latent heat transfer dominance of around 70–95% in liquid metal PHPs.