Binance Launches PUMPUSDT Perpetual Contracts with High Open Interest

Binance, the leading cryptocurrency exchange, launched the PUMPUSDT perpetual contract with leverage options on July 10, 2025. The launch immediately gained attention, particularly from large-scale traders and institutions.

The introduction of PUMP perpetual contracts is a significant development due to its swift impact on trading volume and market sentiment, reflecting increased investor engagement.

The PUMPUSDT perpetual contract launch by Binance is a noteworthy event that saw open interest for these new contracts exceed $490 million quickly. The contract allows for up to 5x leverage, initiating a rush in trading activities. Notable traders participating include substantial whale wallets like “0xAc72,” which executed significant margin trades without any public statement.

Binance enabling PUMPUSDT trading has sparked considerable activity, achieving a trading volume exceeding $12 billion in a short period. Despite the lack of statements from high-profile figures, this contract has shifted market dynamics. Large traders utilize USDC significantly for collateral, highlighting risk aversion and strategic maneuvers in contract management.

Binance Official Announcement, Binance, “Binance Futures will launch PUMPUSDT perpetual contract pre-market trading starting at 2025-07-10 07:30 (UTC) with up to 5x leverage.”

The shift has influenced sentiment in crypto markets significantly, although no major announcements or policy updates have been shared by regulators like the SEC. This substantial trading activity indicates heightened interest and expectations around the PUMP token, reminiscent of past meme token phenomena. While immediate regulatory reactions have been muted, the surge in open interest for Binance’s PUMP perpetual contracts reflects heightened market interest.

Historical patterns of past token launches suggest potential volatility, yet the immediate outcome remains speculative.