About This Trend
$PUMP is a cryptocurrency token associated with Pump.fun, a Solana-based memecoin launchpad, which recently concluded its highly anticipated initial coin offering (ICO).
Why is it trending? The $PUMP token has garnered significant attention due to its rapid sell-out during the public sale, which concluded in just 12 minutes. The token has achieved a pre-market trading volume of $346 million, reflecting strong investor interest. Additionally, the open interest for $PUMP has surged to $166 million, driven by a major long position with 1.35M USDC margin. Pump.fun's partnership with exchanges like MEXC and BingX has further fueled its popularity, offering users early access to the token. The token's price also experienced a 30% surge shortly after its launch, adding to the hype surrounding its potential in the crypto market.