Solana ecosystem token PERPSPAD briefly surges past $5 million in market capitalization, logging a more than 200% increase in the past 24 hours.
2026.09.13 10:04:49
According to GMGN market data, PERPSPAD, the token of Solana-based token launch platform PerpsPad, briefly topped $5 million in market capitalization before pulling back to $4.2 million, with a 24-hour gain of over 200%. PERPSPAD is a "position tokenization" token in the Solana ecosystem. PerpsPad is an innovative token launch platform whose core function is to back every issued coin with a real leveraged perpetual contract (Perp) position: transaction fees automatically flow into the coin’s dedicated on-chain sub-wallet to open or add to leveraged positions (supporting multiple markets including SOL, BTC), while a portion of the fees is used for token buybacks and burns. PERPSPAD itself is structured as a 5x long SOL strategy, and can receive buyback support from trading revenues of other tokens on the platform, operating on the Phoenix network. BlockBeats reminds users that related tokens are subject to high price volatility and significant uncertainties, so users should exercise caution when investing.
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