Bybit Lists PURRUSDT Perpetual Contract with Up to 20x Leverage

Bybit has launched a new perpetual contract for PURR (PURRUSDT), offering traders up to 20x leverage. This listing brings the cat-themed meme coin—the first spot token on the Hyperliquid Layer 1 blockchain—to one of the largest crypto derivatives exchanges. Below, we break down the announcement, the token's background, and key considerations for traders.

What Happened?

On July 10, 2026, Bybit officially listed the PURRUSDT perpetual contract. The contract supports up to 20x leverage, allowing traders to amplify their positions on the token's price movements. This is a notable addition, as PURR is primarily known as a Hyperliquid ecosystem token and has been trading on 31 active markets with a 24-hour volume of approximately $1 million.

PURR (Purr) is a meme coin with a cat theme, launched as the first spot token on the Hyperliquid L1 blockchain. According to CoinMarketCap, there was no sale and no planned utility for PURR. The max supply was 1 billion, with 500 million distributed proportionally to points holders and 400 million initially deployed as Hyperliquidity (HIP-2) subsequently burned. The current supply stands at about 595 million tokens.

Token Snapshot

• Symbol: PURR
• Name: Purr
• Platform: Hyperliquid (HyperEVM)
• Contract Address: 0x9b498c3c8a0b8cd8ba1d9851d40d186f1872b44e
• Current Supply: ~595,342,752 (self-reported circulating supply: ~598,170,894)
• Last Known Price: $0.0918 (up 2.97% over 24 hours)
• 24-Hour Volume: $1,006,894
• Tags: Memes, Cat-Themed, Animal Memes, Hyperliquid Ecosystem, HyperEVM Ecosystem
• Explorers: Blockscout | Hyperliquid Explorer

Disclaimer: Brave search results indicate that PURR is not tradable on Coinbase and that a separate token named "purrcoin" (PURR) may have stopped trading. Always verify contract addresses and exchange listings before trading.

Risk Notes

• Meme Coin Volatility: PURR is a cat-themed meme coin with no stated utility. Such tokens often experience extreme price swings and low liquidity relative to major assets.
• Limited Exchange Support: As of the announcement, Bybit is the primary exchange offering PURR futures. Spot availability may be limited to Hyperliquid and a few other platforms.
• Ecosystem Dependency: PURR's value is closely tied to the Hyperliquid ecosystem. Changes in Hyperliquid's adoption or tokenomics could impact PURR.
• Leverage Risk: The 20x leverage on Bybit's perpetual contract amplifies both gains and losses. Use risk management tools like stop-losses.

Where to Trade

You can trade PURRUSDT perpetuals on Bybit with up to 20x leverage. For automated trading strategies, consider using our bot: Trade with our bot.

Always conduct your own research before trading. This content is for informational purposes only and does not constitute financial advice.