Crypto
Pump.fun Surges on Heavy Derivatives Trading Volume
Pump.fun (PUMP) continued its upward trend, rising by 11.1% to $0.002729 as derivatives trading volume surged and exchange outflows turned supportive again.
The token's spot trading volume jumped 133.22% over the past 24 hours to $158.7 million, while derivatives volume climbed 163.85% to $429.88 million. Open interest reached $229.24 million, showing that outstanding leveraged positions expanded alongside the price.
The market's participation mix shifted as CoinGlass' Whale vs. Retail Delta fell to about -0.06, indicating retail traders gained influence relative to whales. Despite this, the technical setup favors another test of $0.003 after PUMP cleared $0.00260.