Pump.enjoyable’s official token, PUMP, is buying and selling at a mark worth of $0.0056 on derivatives platform Hyperliquid, a worth 40% above its upcoming ICO worth, as futures start pricing in demand forward of the July 12 token sale.
The token’s PUMP-USD perpetual pair went stay on July 9 following neighborhood requests, providing as much as 3x leverage. In its first 24 hours, the pair generated $30 million in buying and selling quantity, suggesting robust speculative curiosity regardless of the token not but being stay on-chain.
Open curiosity stood at over $17 million as of Asian morning hours Thuesday, however exercise is anticipated to speed up after Binance Futures launches its personal PUMP perpetual contract on July 10 at 07:30 UTC.
The Pump.enjoyable ICO will distribute 33% of PUMP’s complete 1 trillion token provide, with 18% already offered in a non-public spherical and 15% reserved for the general public sale, each priced at $0.004. All tokens might be absolutely unlocked at launch.
Pump.enjoyable is positioning the token as a part of a broader technique to construct a decentralized social platform pitched as a Web3-native different to TikTok, Twitch, and Fb, the place customers are rewarded with cash, not simply engagement.
The protocol has already generated over $600 million in income, largely from charges on meme coin launches, and has been on the middle of Solana’s low-friction token growth since early 2024.
Learn extra: Pump.enjoyable to Launch PUMP Token through ICO on July 12
