Pump.fun Price Soars on Rising Demand, Buyers Defend Bullish Structure

Pump.fun (PUMP) is maintaining its bullish structure despite recent market volatility. The token has been gaining traction, adding nearly 27% in value over the past week and reaching a daily trading volume of more than $103 million.

According to data from CoinEdition, PUMP's market capitalization has surpassed $1.13 billion. This surge in demand is attributed to rising derivatives activity and steady technical momentum.

While some traders remain cautious due to the recent token unlock, which increased the supply of PUMP available on the market, the overall trend remains bullish. The token continues to trade near $0.00289, with buyers defending its price against potential sellers.