On July 10, 2025, a whale opened a significant $4 million short position on PUMP through Hyperliquid, drawing attention from market participants.
Overview of the Whale's Trade
The whale utilized 1x leverage to borrow $4 million worth of PUMP coins, selling them at the current price and hoping to buy them back later at a lower price, earning a profit from the difference.
Impact of Short Position on the Market
This trade indicates a bearish outlook and may lead to price fluctuations. Movements by such whales are typically influential in the market and can serve as indicators of trader sentiment.
PUMP Price Updates
PUMP has been experiencing significant growth, with its value increasing by 50.1%, 23%, and 166.4% over the past seven days, two weeks, and one month respectively. Currently, its price stands at $0.0249, up 73.1% over the last 24 hours.
The whale's actions are being closely monitored, and their outcomes may have a substantial impact on future price trends for PUMP, especially with the upcoming token launch on a major exchange.
