Pump.fun launches perpetual futures with 40x leverage: what to watch now

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Pump.fun has traded perpetual futures on Bitcoin and Ethereum since October 16, 2026, with leverage of up to 40 times and Hyperliquid as the technical operator. At that leverage a 2.5 percent price move is enough for liquidation, and a MiCA licence for the EU market is missing.Memecoin factory Pump.fun has spent the past few days selling something that no longer has anything to do with memecoins: futures contracts on Bitcoin and Ethereum, with leverage of up to 40 times. Anyone trading there is no longer moving play money, but a position that can vanish completely on a price step of a few percent. The launch came without much announcement, and that is the part that concerns you. The interface has stayed the same, the one used until now to buy memecoins in their first minute of trading. Behind it now runs a derivatives exchange whose rules assume a different audience. Perpetual futures on Bitcoin and Ethereum: this is what Pump.fun launched Pump.fun has enabled trading in perpetu...