A trader opened a 10x leveraged long position in 1.94 billion Pump.fun (PUMP) tokens valued at $6 million, according to blockchain tracker Lookonchain. The trade was showing about $246,000 in unrealized profit as PUMP rose 8.51% over 24 hours to around $0.003017, but its $0.002852 liquidation price left the position exposed to a correction. PUMP also recorded a $739,560 spot outflow, indicating that more tokens left exchanges than entered them. On the daily chart, the token remained in an upward channel while facing resistance at $0.003128, with support at $0.002656 and then $0.002262. The RSI was 67.66 against an average of 69.37, below the 73.04 threshold. A liquidation heatmap showed heavier upside concentrations around $0.00300 and $0.003150 than near the downside level of $0.002895, making a sustained break above $0.00300 and $0.003128 important for the bullish setup.