Pump.fun Price Ticks Up as Derivatives Trading Surges

Pump.fun (PUMP) saw its price surge by 11.1% to $0.002729, driven by increased derivatives trading and renewed exchange outflows.

The token is now close to reaching the $0.003 resistance level, but an overbought RSI suggests that buyers may need consolidation before another attempt.

PUMP's spot trading volume jumped 133.22% over 24 hours to $158.7 million, while derivatives volume climbed 163.85% to $429.88 million as traders increased activity around the move.