Another cryptocurrency wallet (GnZqfY) withdrew 189.22 million $PUMP (roughly $1.18 million) from the cryptocurrency exchange MEXC. However, the intentions of the whale are not clear, given that they might not hold the token for an extended period of time.
The $3.58 million value of the accumulation accounts for roughly 3% of $PUMP‘s roughly $121.4 million in trading volume, according to the latest data.
Latest $PUMP price spike
These most recent transfers come after $PUMP‘s latest price spike. At the time of this writing, $PUMP’s price has spiked by 18% in the last 24 hours, according to CoinGlass.
At press time, $PUMP is changing hands for around $0.006426, up by 17.5% in the last 24 hours. Moreover, it has rallied by about 46% in the last seven days, outstripping the overall crypto market.
In the last 90 days, $PUMP has shot up by around 294%. Furthermore, it has soared by over 235% since the beginning of 2026. With this rally, its market cap has increased to around $3 billion.
$PUMP futures have seen particularly heightened activity. In the last 24 hours, $PUMP futures have traded over $1.04 billion. By contrast, its spot market has seen a more modest volume of $121.39 million over the same period. In other words, $PUMP’s futures turnover is about 8.6 times larger than its spot turnover.
The token’s open interest, which shows the total value of open derivatives positions, is around $672.28 million.
Over the past day, approximately $3.14 million worth of $PUMP positions have been liquidated, according to CoinGlass. About 78% of the day’s liquidations were shorts.
As with every high-flying token, $PUMP’s price can be extremely volatile. On Oct. 3, Lookonchain reported that a sudden $PUMP price drop had liquidated two large traders who held 707.6 million $PUMP worth around $3.61 million.
$PUMP has become a favorite of notable onchain traders.
In recent days, Machi Big Brother has made 10 profitable trades with $PUMP. Most recently, on Sept. 30, Lookonchain reported that Machi had closed a $PUMP long position and realized profits of around $827,000.
