Summary
- An anonymous whale reportedly holds a short position worth $8.5 million on Pump.fun (PUMP).
- This position is currently posting an unrealized loss of $1.32 million.
- It was stated that if PUMP’s market capitalization reaches $8.5 billion, the whale will be liquidated.
An anonymous whale has reportedly incurred significant losses after building a large short (sell) position on Pump.fun (PUMP).
On the 13th (local time), Arkham Intelligence announced via X (formerly Twitter) that “Trader 0x7da currently holds the largest on-chain PUMP short position,” noting that “this position is worth approximately $8.5 million and is currently showing an unrealized loss of $1.32 million.” The announcement added, “If PUMP’s market capitalization reaches $8.5 billion, the whale will be liquidated.”
As of 5:14 p.m., according to CoinMarketCap, PUMP is trading at $0.007834, up 24.95% from the previous day. Its market capitalization stands at $1.61398 billion.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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