26% surge in a single day… PumpDotPump hits a record high

JOON HYOUNG LEE

Summary

PumpDotPump (PUMP) rose 25.78% from the previous day and recorded a record high.
One whale investor secured unrealized gains of 7.8 million dollars with 5x leverage.
OnChainLens stated that this investor's total gains exceed 36 million dollars.

PumpDotPump (PUMP), a Solana (SOL)-based meme coin issuance platform, hit a record high.

According to CoinMarketCap on the 14th, PumpDotPump was trading at 0.008004 dollars at 11:32 AM, up 25.78% from the previous day. Compared with a week ago, it has surged about 73%, and this is the first time PumpDotPump's price has surpassed 0.008 dollars.

The profit of a whale (large investor) also drew investors' attention. According to on-chain analytics firm OnChainLens, the whale, who held a PumpDotPump long (buy) position with 5x leverage, secured unrealized gains of 7.8 million dollars (about 11 billion won) on the day. OnChainLens said "The whale holds long positions in multiple assets including Bitcoin (BTC), Solana, and Pepe (PEPE)," and added, "Total gains exceed 36 million dollars (about 50 billion won)."