Pump, the official token of Pump.Fun, is trading at a mark price of $0.0056 at the height of the derivatives platform, which is 40% above the upcoming ICO price, as futures begin pricing demand prior to the token sale on July 12th.
The PumpUSD Permanent Pair of Tokens performed live on July 9th following community requests, offering up to three times the leverage. In the first 24 hours, the pair generated a $30 million trading volume, suggesting strong speculative interest despite the tokens not yet on-chain.
As of the Asian morning, open profits were over $17 million, but activities are expected to accelerate after Binance futures launched its own pump perpetual contract at 07:30 UTC on July 10th.
Pump.Fun ICO distributes 33% of the pump’s total supply of 1 trillion tokens, with 18% already sold in private rounds and 15% pre-ordered in public sales. Both are $0.004. All tokens will be completely unlocked at launch.
Pump.Fun places the tokens as part of a broader strategy to build a decentralized social platform that has been pitched as an alternative to Web3-Native to Tiktok, Twitch and Facebook.
The protocol has already generated more than $600 million in revenue, primarily from the fees for the launch of Meme Coin, and has been at the heart of Solana’s low-friction token boom since early 2024.
Read more: pump.fun Start pump token via ICO on July 12th