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$120M in Open Interest: PUMP Token Perpetuals Surge Ahead of Launch

$120M in Open Interest: PUMP Token Perpetuals Surge Ahead of Launch

Published:
2025-07-11 09:36:37
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Frenzy builds as derivatives traders pile into unlaunched asset

The crypto casino's latest high-stakes table opens soon—and degenerates are already all-in. PUMP token perpetual contracts just blasted past $120 million in open interest before the underlying asset even goes live. That’s not speculation; that’s a full-blown FOMO rocket with leveraged boosters.

When Lambo? Try 'When liquidation cascade?'

Exchanges love this game: they’ll happily take fees on both sides of trades that may or may not ever involve real tokens. Meanwhile, ‘smart money’ hedges with 50x leverage because nothing says ‘prudent investing’ like betting the farm on vaporware. Stay tuned for the inevitable post-launch volatility—or as traders call it, ‘profit opportunities’.

Chart depicting PUMP futures Open Interest spiking a day before the token launch | Source: CoinGlass

Chart depicting PUMP futures Open Interest spiking a day before the token launch | Source: CoinGlass

What does a high open interest mean for PUMP?

Open interest is a metric that is used measure the number of outstanding futures contracts deployed on exchanges. A token does not particularly have to be on the market in order for traders to set perpetual contracts. Open interest is often used as an indicator for how much demand there is for an asset.

Therefore, a large volume and open interest in PUMP’s perpetual contracts suggest strong speculative interest, even before the token launches on the market. This means that a large number of traders are betting on what the price of PUMP will be upon launch.

However, a high open interest could also mean that there’s a high chance for volatility on launch day. If the price dips even slightly less than the perpetual contracts set by traders, many long positions could get liquidated. This could trigger a major price correction for PUMP.

According to the long sentiment data on CoinGlass, the projected price for the token is $0.0052, which is around 30% higher than the initially set pre-sale price for the token.

As previously reported by crypto.news, the meme coin launchpad Pump.fun will launch its native token PUMP on July 12 with an initial coin offering 15% of the total token supply, which is around 150 billion tokens. Each token will be valued at an initial price of $0.004.

|Square

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