About This Trend
$PUMP is a cryptocurrency token launched by Pump.fun, a Solana-based memecoin platform.
Why is it trending? The $PUMP token's public sale sold out in just 12 minutes, generating significant buzz in the crypto community. The token has achieved $346 million in pre-market trading volume, indicating strong investor interest. Additionally, the open interest for $PUMP has surged to $166 million, with a major long position opened using 1.35M USDC margin. Pump.fun has positioned $PUMP as a rival to other memecoins, further fueling its popularity. The token's success is also attributed to its availability on major exchanges like BingX and MEXC, which are offering exclusive deals and discounts for early adopters.