Crypto Whales Load Up on $3.6 Million Worth of PUMP Tokens

Crypto whales have been active in the market, purchasing large amounts of PUMP tokens. According to data from Lookonchain, two large wallets accumulated a combined 572.56 million PUMP tokens worth approximately $3.6 million. This is not an isolated incident, as another wallet (GnZqfY) withdrew 189.22 million PUMP (roughly $1.18 million) from the exchange MEXC.

The whale 'netherlol' purchased 383.34 million PUMP worth around $2.4 million, marking its first PUMP purchase in over a year. This significant accumulation accounts for roughly 3% of PUMP's trading volume, which stands at around $121.4 million. The recent price spike has been notable, with PUMP's price increasing by 18% in the last 24 hours.

PUMP futures have seen heightened activity, with over $1.04 billion traded in the last 24 hours. This is significantly higher than its spot market volume of $121.39 million over the same period. The token's open interest has reached around $672.28 million, indicating strong investor interest.