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PUMP token perpetual contracts hit $120m in open interests ahead of launch day.

The upcoming PUMP token’s pre-market perpetual contracts have gained high demand across several major crypto exchanges, reaching $120 million in open interest. The token is set to launch on July 12.

According to data from CoinGlass, the meme coin launchpad’s native token has already garnered high traction from traders. Although it has not officially been launched on the market, its pre-market perpetual contracts have reached $333.17 million, soaring by as much as 376.93% in the past 24 hours of trading.

The majority of PUMP perps volume comes from Binance, which represents $204.75 million of the total on-chain volume. the decentralized exchange Hyperliquid is the second largest contributor, with a pre-market volume that stands at $115.4 million.

The perpetual contract for the long-anticipated token has even reached $120.12 million in open interest. Unlike the perps’ volume, most of the Futures Open Interest for the token comes from Hyperliquid with an OI of $81.9 million, representing nearly 70% of the total open interest.

The spike in futures open interest occurred exactly one day before the token is set to debut on the crypto market on July 12.#BTCBreaksATH #ShariaEarn #ETHBreaks3k #Write2Earn $BTC $ETH $BNB