Cryptocurrency whales have purchased roughly $3.6 million worth of PUMP tokens, according to data provided by Lookonchain.
Two large wallets accumulated a combined 572.56 million PUMP tokens, the data shows.
A whale known as “netherlol” purchased 383.34 million PUMP worth approximately $2.4 million. This is the whale’s very first PUMP purchase in more than a year, according to Lookonchain.
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.
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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.
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