About This Trend
$PUMP is a cryptocurrency token from Pump.fun, a Solana-based memecoin launchpad.
Why is it trending? The $PUMP token has generated significant attention due to its highly successful initial coin offering (ICO), which sold out in just 12 minutes and achieved $346 million in pre-market trading volume. The token's open interest has surged to $166 million, with major long positions being taken. Additionally, the token's comparison to its rivals and the availability of pre-launch futures on platforms like BingX have further fueled interest. Guides on how to buy and claim the token are also widely circulating, contributing to its popularity.