Pump.fun rallies as open interest rises by $40.8 million
- —PUMP open interest rose by $40.83 million to $355.08 million
- —The funding rate rose from 0.0007% to 0.0072% in 24 hours
- —Whale Retail Delta at 0.274 indicates whale dominance
- —Net outflow from spot exchanges was $1.13 million
Why it matters: Rising open interest and whale buying may support short-term PUMP gains but increase the risk of a sharp correction if sentiment reverses.
Source: AMBCrypto