PUMP Token’s Perpetual Futures Trade Explodes with $346M in Volume Pre-Launch
2025-07-11 11:18:45
Main Idea
The PUMP token's pre-launch perpetual futures have generated $346 million in trading volume, indicating strong market interest despite a recent short-term correction.
Key Points
1. PUMP token's pre-launch perpetual futures reached $346 million in trading volume, with a pre-market price 30% higher than the presale rate.
2. Trading volume surged 250.80% to $318.66 million, and open interest increased by 152.64% to $122.29 million.
3. In the last 24 hours, total liquidations were $422,460, with $331,370 from long positions and $91,090 from short positions.
4. Pump.fun platform's Total Value Locked (TVL) grew to $167.94 million, generating $658.12 million in annualized fees and $399.28 million in revenue.
5. The platform's 30-day DEX volume reached $11.299 billion, with TVL peaking in July.
Description
The PUMP token’s pre-launch perpetual futures have hit $346 million in trading volume These perpetual futures are trading at a price nearly 30% higher than the announced ICO price The data shows dominant long sentiment for the PUMP perpetual futures, signaling bullish conviction Even before its official launch, the new PUMP token from the memecoin platform Pump.fun is seeing explosive activity in the derivatives market. Perpetual futures for the token are already trading at a nearly 30% premium ...
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