Platform PUMP token listing draws $40M in Early Volume

The Decentralized derivatives platform Hyperliquid has officially launched trading for the USD hyperp, allowing users to speculate on the future value of the yet-to-be-released from Platform PUMP token listing. This came in response to growing community demand and is available with up to 3x leverage on long or short positions.

Source: X

What is the PUMP-USD Hyperp?

Hyperliquid is a decentralised derivatives exchange (DEx) designed for high-performance trading of perpetual futures contacts–also known as perps.

It aims to offer a CEX-like trading experience on-chain, combining the security  and transparency of DeFi with the speed and efficiency of centralized platforms.

The listing is on Hyperliquid leverages a new type of contract known as a hyperp (short form Hyperliquid perpetual). Unlike traditional perpetual futures that depend on external price oracles, hypers are internally priced using an 8-hour moving average of the contact’s own market price.

This innovation is designed to make the price less vulnerable to manipulation and more stable during the pre-launch period, which has historically been prone to extreme volatility and price swings.

Source: Twitter

Key Trading Details and Risks

The Platform PUMP token listing introduces the USD with low leverage (up to 3x) and isolated margin only. Traders should be aware of the risks, including:

• Low liquidity

• High Volatility

• Sharp funding rate changes

• Increased liquidation risks

Hyperliquidity has also classified that once is officially launched and listed  on a centralized exchange (CEX), the hyperp will convert to a vanilla perpetual contract, making it suitable for regular trading environments.

Launch Scheduled for July 12

The PUMP listing is officially set for July 12, following a recent update from the team. They will debut via an initial coin offering (ICO), and users are expected to receive airdrops shortly thereafter.

It had initially announced a $1 billion sale for June, but the launch was postponed. Now, with the date locked in and  pre-launched trading is already in full swing, community anticipation is reaching new heights.

Early Price Actions Shows Strong Demand

In its early trading hours, the USD hyperp saw the start at $0.004952, spike to $0.015, and then settle near $0.005–highlighting strong demand and speculative interest around the Platform PUMP token listing.

Conclusion

The Platform PUMP token listing has set the stage for a major launch, providing traders with a unique launch, providing traders with a unique way to speculate on the before it hits spot markets.

Hyperliquids’s hyperp contracts offer a new approach to trading unlaunched assets, but they come with elevated  risks.