KEY TAKEAWAYS
- OKX is listing the PUMP token on its spot trading markets, with trading set to begin on July 18, 2025.
- Initial trading restrictions include a $10,000 cap on limit orders and net positions per user, lifted after the first five minutes.
- The call auction mechanism will be used, allowing users to place orders before official trading begins, with a $50,000 cap on buy orders.
- Pump.Fun, the platform behind PUMP, facilitates token creation and trading, with PUMP as its official token.
OKX has announced the listing of the PUMP token on its spot trading markets. The listing will follow a detailed timeline, beginning with the opening of PUMP deposits at 4:00 am UTC on July 18, 2025. A call auction will take place from 6:00 am to 7:00 am UTC, followed by the commencement of PUMP/USDT spot trading at 7:00 am UTC. Withdrawals for PUMP will be available starting at 11:00 am UTC on the same day.
The listing of PUMP is accompanied by specific risk control measures to protect investors from market volatility. During the first five minutes of spot trading, market orders will not be allowed, and the maximum amount per limit order and net position per user will be capped at $10,000. These restrictions will be lifted after the initial five minutes of trading.
Price Limit Rules and Call Auction Mechanism
OKX has implemented price limit rules for the newly listed PUMP token. In the absence of a stable index price, closing price-based limit rules will be applied. Once a stable index price is available, index-based limit rules will be used. The platform may adjust parameters or switch limit price calculation methods based on market conditions without prior notice.
The call auction mechanism will be used for the spot listing of PUMP/USDT. This period will last for one hour, allowing users to submit buy and sell orders at desired prices before the trading pair officially begins trading. During the call auction, the total value of each user’s buy orders must not exceed $50,000. In the last five minutes of the call auction, users can place orders but cannot cancel or modify them.
About Pump.Fun and PUMP Token
Pump.Fun is a platform that facilitates token creation and trading, with PUMP serving as its official token. The asset name is Pump, and its ticker is PUMP. For more details, including the contract information, visit the Solscan page. To check the current price of PUMP, users can visit the OKX price page.
For further information on the listing and trading of PUMP, please refer to the official announcement here.
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