Pump.Fun Token Nears $1B Open Interest amid 16% Surge
Pump.Fun Token Nears $1B Open Interest amid 16% Surge
Pump.Fun (PUMP) has delivered a spectacular performance since its launch, rallying 16% in just 12 hours and lifting its market capitalization to $2.3 billion. Derivative open interest is rapidly climbing, set to breach the $1 billion milestone by day three, underscoring intense investor demand and bullish sentiment.
Rapid Market Cap Growth
Within the first 12 hours, PUMP’s price jumped 16%, driven by an initial sale of $500 million worth of tokens in just 12 minutes. This explosive start highlights the scale of appetite among both retail and institutional participants.
Surge in Holder Numbers
In only 48 hours since launch, PUMP amassed 45,500 unique holders—outpacing many established meme coins in far less time. The swift accumulation of addresses reflects strong market sentiment and FOMO-driven buying pressure.
Open Interest Approaches $1 Billion
On-chain data shows open interest rising to $913 million within two days. At this pace, PUMP is on track to surpass $1 billion in open interest by the third day, signaling robust liquidity and growing confidence in the token’s derivatives market.
Price Support and Resistance Levels
After finding support at $0.0063, PUMP now trades around $0.0065. A confirmed break above resistance at $0.0067 could drive the price toward $0.0070, extending the token’s bullish trajectory.
Potential Correction Risks
Despite strong momentum, a sudden market sell-off or profit-taking could breach the $0.0063 support level. A decline below this point may trigger a drop to $0.0060, invalidating short‑term bullish setups and indicating a correction.
Outlook for Pump.Fun
With a soaring market cap, rising open interest, and an expanding holder base, Pump.Fun is well‑positioned for further gains. Traders should monitor key support and resistance levels closely to navigate potential volatility and capitalize on this fast‑moving altcoin story.