Memecoin perps: leverage on Solana memecoins

Perpetual futures let you go long or short with leverage instead of buying the token itself. On memecoins that means big moves in both directions: 8x leverage on a coin that drops 12% wipes the position out.

A few venues now list memecoin perps, from derp.trade, which lists small Solana coins, to Axiom's perps routed through Hyperliquid and Jupiter's perps on majors. Know your liquidation price before you click.