Pump.fun spent $466.25 million on buybacks, removing 16.84% of the total PUMP token supply. The token price surged 20% in 24 hours, reaching the $0.005287 resistance level before correcting to $0.004881. 24-hour spot volume rose 66.59% to $353.8 million, while derivatives volume exploded 198.47% to $1.11 billion. Long liquidations were nearly double short liquidations, indicating significant selling pressure during the rally. The key $0.0045 support level is now in play to validate a continuation of the recovery.
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