FUN Token Surges 20.96% Amid $105M Trading Boom and Bitget Futures Launch

FUNUSDT experienced a notable 20.96% price increase over the past 24 hours, with the current price on Binance at 0.014723 USDT. This surge is attributed to heightened trading activity, as evidenced by robust 24-hour trading volumes exceeding $44 million on Binance and up to $105.55 million across all platforms. Contributing factors include significant social media attention on exceptionally high derivatives funding rates (126% APR), which likely fueled increased speculative interest and volatility. Additionally, recent announcements such as the planned delisting of FUNUSDT futures from Phemex on July 1, 2025, and the launch of futures trading on Bitget with up to 50x leverage have influenced market sentiment and trading dynamics. The market capitalization of FUNToken is estimated between $108 million and $126.79 million, with a circulating supply of approximately 10.82 billion tokens. Overall, the asset has shown strong momentum and elevated trading activity, outperforming broader market trends.