OKX is preparing to launch the PUMP token, which will be available for spot trading starting July 18, 2025, providing opportunities and risks for traders.
Launch Details of PUMP Token and Market Impact
The launch of the PUMP token on the OKX platform is scheduled for July 18, 2025, at 3:00 PM (UTC+8). The token was developed by the team behind Pump.fun, known for its meme-related projects. The launch is expected to significantly impact the market, considering the high trading volume and volatility observed in the past. According to BitMEX, over 59% of ICO participants have already sold or moved their tokens.
Volatility Concerns and Expert Opinions
The PUMP token is currently priced at $0.005286, with a market cap of approximately $1.62 billion. A 17.14% decline has been noted in the last 24 hours. Experts point out that the launch of PUMP could resemble events witnessed in the Solana ecosystem, where substantial price fluctuations and rapid sell-offs occurred during early trading. Moreover, Blockaid flagged over 2,400 fake PUMP tokens and 6,700 scam attempts, highlighting security risks.
Community Reactions to Token Launch
Community reactions to the PUMP token launch were mixed. Some users expressed optimism regarding potential early trading gains, while others cautioned about the high risks of volatility and scams. Experts emphasize the need for a careful investment approach and thorough market analysis.
The launch of the PUMP token on the OKX platform presents both opportunities and risks, highlighting the need for a cautious investment strategy.
