PUMP Jumps 20% in 24 Hours, Tests $0.0045 Support
- —PUMP gained 20% in 24 hours, then retreated to $0.004881, down 5.32% on the day
- —Spot volume rose 66.59% to $353.8 million; derivatives volume jumped 198.47% to $1.11 billion
- —Open interest climbed 17.26% to $429.46 million; long liquidations hit $1.03 million
- —Cumulative buyback and burn reached $463.5 million, with 167.91 billion PUMP burned (16.791% of supply)
Why it matters: Whether the $0.0045 support holds and Pump.fun's revenue can keep funding buybacks will shape the token's near-term price action.
Source: TokenPost