- Pre-market trading for Pump.fun’s PUMP begins on OKX.
- Significant impact anticipated in the meme coin sector.
- Institutional interest with $11 million in USDC shorting noted.
OKX lists PUMP token for pre-market trading, impacting meme coin markets significantly. The major cryptocurrency exchange OKX has begun pre-market trading for the PUMP token from Pump.fun as of 12:00 PM, July 11, 2025 (UTC+8).
The PUMP token’s pre-market trading marks a noteworthy event in meme coin markets, with possible implications for related assets and trading volumes.
Pump.fun aims to democratize meme coin creation with its PUMP token, officially launched for pre-market trading on OKX. The token sale seeks to raise $600 million by offering 150 billion tokens. The transaction mechanics are detailed on both the project’s blog and OKX announcements.
Three major traders have deposited a combined $11 million USDC on Hyperliquid, intending to short PUMP’s perpetual contracts. On-chain analysis attributed to Lookonchain states:
“Three large traders have deposited a combined $11 million in USDC stablecoin on Hyperliquid to short the newly listed PUMP perpetual contract with minimal leverage, likely a hedge against the token allocation they expect to receive in Pump.fun’s public sale on July 12.”
PUMP’s open interest significantly surged, reflecting speculative trading. Large trading volumes are expected on related assets like Solana.
Previous token launches on Solana have driven trading volume spikes and network activity, a trend anticipated with PUMP’s introduction. Tokens like SOL and USDC are critical to this launch trajectory. An emerging ecosystem effect is plausible based on historical launches of meme coins, potentially mirroring surges seen with BONK and WIF.
Experts indicate potential for significant liquidity and trading activity impacts across related markets. Broader financial outcomes could emerge, affecting Solana’s DeFi assets and driving increased adoption of meme-based tokens. Blockchain stability, market dynamics, and trader strategies are focal points for further observation.
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