Pump.fun Price Jumps 11.1% as Trading Volume Surges

Pump.fun (PUMP) saw a significant increase in trading volume and derivatives activity, pushing its price up 11.1% to $0.002729.

The token's spot trading volume rose 133.22% over 24 hours to $158.7 million, while derivatives volume climbed 163.85% to $429.88 million.

This surge in activity was accompanied by a 20.67% rise in open interest to $229.24 million, indicating that traders were taking on more leverage as the price moved upwards.

However, the market's participation mix shifted towards retail traders gaining influence relative to whales, according to CoinGlass' Whale vs. Retail Delta metric.