BitMEX Lists MOONPIGUSDT Perpetual Swap With Up to 50x Leverage, Targeting Meme Coin Traders on Solana
BitMEX has announced the launch of the MOONPIGUSDT perpetual swap contract, enabling users to trade Moonpig’s price movements against USDT with up to 50x leverage without holding the underlying token. Trading begins on May 28, 2025, at 04:00 UTC. MOONPIGUSDT is a linear, USDT-margined perpetual swap featuring a contract size of 1 MOONPIG, a lot size and minimum trade of 10 MOONPIG, and both maker and taker fees of 0.05%. The initial and maintenance margin rates are set at 2.00% and 1.00%, respectively. Moonpig, a community-driven meme token built on the Solana blockchain and launched via Pump.fun, is noted for its fair and transparent approach. The listing provides traders new exposure to the fast-growing sector of meme coins on Solana, with BitMEX offering up to $5,000 in BMEX token rewards for newly verified users. Access to BitMEX remains restricted in certain jurisdictions. The introduction of MOONPIGUSDT aims to expand BitMEX’s leveraged trading options, boost liquidity, and cater to trader interest in meme coins, potentially increasing price volatility and active trading in MOONPIG.
Bullish
The launch of MOONPIGUSDT perpetual swaps on BitMEX introduces significant new speculative and hedging opportunities for traders interested in meme coins, especially within the Solana ecosystem. The offering of up to 50x leverage, combined with the ability to trade price movements without holding Moonpig directly, is likely to attract both retail and professional traders. This is expected to boost trading volume and liquidity for MOONPIG, increase visibility within the meme coin sector, and potentially drive higher price volatility upon launch. Historically, such listings on major derivatives platforms tend to result in short-term bullish momentum due to heightened interest and participation, even if long-term effects depend on sustained demand and broader market trends.