Pump.fun Trades Near $0.003 as Derivatives Volume Jumps 163%

Pump.fun (PUMP) has seen significant trading activity over the past day, with its spot volume increasing by 133.22% to $158.7 million and derivatives volume climbing 163.85% to $429.88 million.

This surge in trading activity has pushed PUMP's price up 11.1% to $0.002729, putting it within reach of the $0.003 resistance level.

However, with open interest reaching $229.24 million and an overbought RSI suggesting that buyers may need consolidation before another attempt, there is a risk of volatility if the breakout weakens.