Summary
- An anonymous trader reportedly recorded over $1.5 million in profit through a long position on the governance token PUMP of the meme coin issuance platform Pump.fun based on Solana.
- This trader realized a profit of $122,000 by closing part of his 3x leveraged PUMP long position, and the unrealized profit reportedly stands at around $1.39 million.
- Currently, the initial coin offering (ICO) price of PUMP is $0.004 per token.
An anonymous trader has reportedly earned over $1.5 million in profit through a long position on the governance token PUMP of Pump.fun, a meme coin issuance platform built on Solana (SOL).
On the 13th (local time), Lookonchain announced on X (formerly Twitter), "Yesterday, trader 0x6b78 established a 3x leveraged long position on PUMP," and added, "He realized a profit of $122,000 by closing part of his position after PUMP’s price broke through $0.007." The statement continued, "The unrealized profit on his remaining position is about $1.39 million."
Meanwhile, the initial coin offering (ICO) price of PUMP was $0.004 per token.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] South Korea’s FSS to look into ZKsync coin after a 1,000% surge in just three hours](https://media.bloomingbit.io/PROD/news/073d8ae6-ffa0-4b8b-85dd-3f131d9eb908.webp?w=250)
