PUMP Crypto Rallies 15% as Pump.fun Activity Spikes

PUMP is trading at $0.0058, marking a 15% gain overnight and a 60% increase over two weeks. Daily trading volume reached $506 million, while Pump.fun reported a surge in token launches. The platform has utilized $466.25 million for PUMP buybacks, reducing total supply by 16.84%. Derivatives volume rose 198.47% to $1.11 billion, with open interest up 17.26% to $429.46 million. Meanwhile, the broader meme coin market fell 4.2% to a $35.2 billion capitalization. Solana (SOL) is currently trading at $118.56, with market participants watching for a potential breakout above the $120 resistance level.