PUMP token perpetual contracts hit $120m in open interests ahead of launch day
2025-07-11 09:42:25
Main Idea
The PUMP token's pre-market perpetual contracts have seen high demand, reaching $120 million in open interest, with the token set to launch on July 12.
Key Points
1. PUMP's pre-market perpetual contracts have reached $120 million in open interest, with Binance contributing $204.75 million of the total on-chain volume.
2. Hyperliquid is the second-largest contributor with $81.9 million in open interest, representing nearly 70% of the total.
3. The token's current pre-market price is $0.0052, about 30% higher than the initial presale price of $0.004.
4. Pump.fun will launch its native token PUMP on July 12 via an initial coin offering (ICO), with 15% of the total supply (150 billion tokens) available.
5. The high open interest suggests strong market anticipation for PUMP's launch, though it may also indicate potential volatility.
Description
The upcoming PUMP token’s pre-market perpetual contracts have gained high demand across several major crypto exchanges, reaching $120 million in open interest. The token is set to launch on July 12. According to data from CoinGlass, the meme coin launchpad’s native token has already garnered high traction from traders. Although it has not officially been launched on the market, its pre-market perpetual contracts have reached $333.17 million, soaring by as much as 376.93% in the past 24 hours of ...
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