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

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.