The cryptocurrency exchange OKX has launched pre-market trading of the PUMP token from Pump.fun, which could have significant implications for the meme coin market.
Pre-Market Trading of PUMP Token on OKX
Pre-orders for the PUMP token commenced on July 11, 2025, at 12:00 PM UTC+8. This launch represents a noteworthy event in the meme coin marketplace, with possible implications for related assets and trading volumes.
Institutional Interest in PUMP Token
Three major traders have deposited a combined $11 million in USDC on Hyperliquid for shorting 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."
Impact on the Meme Coin Market
PUMP's open interest is expected to surge, reflecting speculative trading. Previous token launches on Solana have driven spikes in trading volume and network activity. With tokens like SOL and USDC linked to this launch, an emerging ecosystem effect is plausible, similar to surges seen with BONK and WIF. Experts indicate potential for significant impacts on liquidity and trading activity across related markets.
The launch of the PUMP token on OKX could significantly alter the meme coin landscape, prompting increases in liquidity and trading activity. The financial ramifications of this event warrant further observation.
