Pump.fun retreats 3% as open interest and TVL reach record highs

Key takeaways PUMP is down 3% on Wednesday after rallying nearly 13% the previous day. Futures Open Interest climbed to a record $258.62 million, indicating increased speculative positioning. The funding rate surged to 0.039%, reflecting a sharp shift toward leveraged long positions. Pump.fun (PUMP) declines 3% on Wednesday as traders take profits following an almost […] The post Pump.fun retreats 3% as open interest and TVL reach record highs appeared first on CoinJournal.