Pump.fun recorded a more than 25,000% increase in new token launches within 24 hours as platform activity accelerated. At press time, the platform had spent $466.25 million on PUMP buybacks, removing 16.84% of the token’s total supply and linking ecosystem usage with a contracting circulating supply. PUMP’s 24-hour spot volume rose 66.59% to $353.8 million, while its price gained 20%. Derivatives volume jumped 198.47% to $1.11 billion, and open interest (the value of active derivatives contracts) increased 17.26% to $429.46 million. Long liquidations reached nearly $1.03 million, compared with about $486,010 for shorts. Spot markets recorded roughly $2.32 million in net outflows, indicating that withdrawals exceeded inflows during the 24-hour period. PUMP reached $0.005287 before retreating to $0.004881, with the nearest key support at $0.004500. The 14-day ATR rose toward 0.000475, while RSI cooled to 60.77 from 65.73 but remained above its 54.70 moving average. A defense of $0.004500 could support another test of $0.005287, while a break below it could expose $0.003834.