Several top exchanges have launched pre-market trading for the PUMP token ahead of its July 12 TGE. Now trading 32.5% above its presale price, PUMP has seen nearly $288 million in volume and over $128 million in open interest, led by Binance and Hyperliquid.
Several major exchanges have launched pre-market trading for the PUMP token ahead of its scheduled Token Generation Event (TGE) on July 12. Currently, PUMP is being actively traded in pre-market environments on centralized exchanges such as Binance, OKX, and Gate.io, as well as on the decentralized derivatives platform Hyperliquid. PUMP token is currently trading at approximately $0.0053 across major exchanges, representing a 32.5% increase from its presale price of $0.004.
According to Coinglass, PUMP token has recorded a 24-hour pre-market trading volume of $287.94 million, with open interest rising to $128.34 million, reflecting a surge of over 111% and 126% respectively. Binance leads pre-market activity with a volume of $176.66 million, followed by Hyperliquid at $97.89 million, indicating strong speculative interest from both CEX and DEX traders.
Other platforms, including BingX, Gate.io, and OKX, have shown moderate pre-market participation, with trading volumes ranging from $1.68 million to $6.95 million. Coinbase has also listed PUMP on its international exchange for pre-market trading, although activity remains limited, with volume at just $167,710.

Open interest across the pre-market has climbed to $128.34 million, led by Hyperliquid with $87.33 million and Binance with $33.24 million. The aggregate long/short ratio over the last 24 hours stands at 1.1404. Notably, OKX shows the most aggressive long bias with a long/short account ratio of 5.41, while Binance reports a top trader position ratio of 1.0738.


Pump.fun Sets Token Launch Amid Bullish Market Momentum
After multiple delays, Pump.fun is now set to launch its native token at what appears to be an opportune moment. The broader crypto market is enjoying renewed bullish momentum, with Bitcoin trading near its all-time high. Despite initial skepticism and criticism from Crypto Twitter when the TGE was first announced, market sentiment has started to shift positively in recent days, fueled by Bitcoin’s strong uptrend and an improved macro outlook.
For the TGE, the PUMP public sale is scheduled to go live across six centralized exchanges: KuCoin, Bybit, Gate.io, Kraken, Bitget, and MEXC.

The remaining question is whether the largest platforms, including Upbit in South Korea, Binance with its strong presence across Asia, Coinbase in the United States, and the leading decentralized exchange Hyperliquid, will follow suit and list PUMP on their respective spot markets. A listing on any of these platforms could significantly enhance the token’s liquidity and visibility, potentially ushering in a new phase of its post-launch growth.