The PUMP token's pre-market perpetual contracts have surged to $120 million in open interest, reflecting strong speculative interest before its launch.
The PUMP token, set to launch on July 12, has seen high demand in pre-market trading, with perpetual contracts reaching $120 million in open interest and a total volume of $333.17 million. Binance leads the trading volume with $204.75 million, while Hyperliquid contributes $115.4 million. Analysts indicate that the high open interest suggests strong speculative interest, but it may also lead to volatility on launch day. The projected price for PUMP is $0.0052, 30% above its pre-sale price of $0.004.