What to Know
- PUMP’s token is priced at $0.0056, marking a 40% increase over its ICO price ahead of the July 12 sale.
- The PUMP-USD perpetual pair launched on July 9, generating $30 million in trading volume within its first 24 hours.
- Pump.fun aims to establish a decentralized social media platform as a Web3-based alternative to TikTok, Twitch, and Facebook, rewarding users financially for participation.
Pump.fun has officially stated that its token, PUMP, is currently trading on Hyperliquid, with a significant demand ahead of the ICO scheduled for July 12. The launch of the PUMP-USD trading pair occurred on July 9 and has proven to be popular, generating substantial initial trading volume despite the token not being fully available yet.
Additionally, open interest stands around $17 million, with expectations for activity to grow as Binance Futures launches its PUMP perpetual contract today (July 10).
The ICO plans involve distributing 33% of the total 1 trillion tokens, with previous private rounds and public sales priced at $0.004 each. This initiative supports the broader vision to create a platform that not only offers entertainment but also financial returns to its users.
