OKX confirmed via X that the spot trading of the PUMP token against USDT started today. However, the launch did not generate a lasting spike. Meanwhile, some retail traders believe a rebound is approaching.

A chart shared by @CryptoA4 on X shows signs of overselling in the stochastic RSI and the possible formation of a bounce. The post claims that "a bottom has been reached," but confidence in that view remains low.

Unless a new announcement changes the momentum, the path of least resistance appears to be downward. Following its public sale, the PUMP token from Pump.fun was launched on multiple cryptocurrency exchange platforms, notably on Kraken, Bybit, KuCoin, and MEXC. However, the token's price continued to decline after its listing.

$PUMP