PUMP Surged Above ICO Price on Pre-Market; Traders Shorted the Coin
2025-07-10 22:38:14
Main Idea
The article discusses the pre-market trading of the PUMP token, highlighting significant short positions taken by traders and the upcoming token sale on multiple exchanges amidst mixed reactions from the crypto community.
Key Points
1. Four major crypto traders opened short positions on PUMP totaling $9.2 million after the launch of preliminary trading.
2. The PUMP premarket launched on July 10 on Hyperliquid, with the coin trading above the ICO price of around $0.0049.
3. Open interest in PUMP on Hyperliquid has grown to $51 million, and trading volume exceeded $100 million.
4. The token sale is scheduled for July 12 on centralized exchanges including Bybit, Gate, Bitget, Kraken, Kucoin, and MEXC, but will be limited due to MiCA regulations.
5. The crypto community is divided, with some excited about the potential of PUMP while others criticize it, comparing it to meme-coin losses and questioning its valuation.
Description
Four major crypto traders opened short positions on PUMP totaling $9.2 million after the launch of preliminary trading. Two investors placed a total of $7 million in USDC and opened short positions with low leverage, according to Lookonchain. Wallet 0xd9a1 opened a $1.14 million short position with 3x leverage. Its possible liquidation price is $0.0249. The 0x58a8 address entered a $1.01 million short position with 1x leverage and $2.02 million in collateral. The PUMP premarket launched on July ...
Latest News
- Ant Group and Circle Team Up to Expand USDC to AntChain2025-07-11 05:43:46
- PUMP Surged Above ICO Price on Pre-Market; Traders Shorted the Coin2025-07-10 22:38:14
- Bitcoin Hits New All-Time High Above $113,0002025-07-10 17:34:06
- Ripple’s RLUSD Stablecoin Now Available on Transak, Expanding Global Access2025-07-10 14:34:12
- Circle to Expand USDC Adoption Through Bybit and Ant Group2025-07-10 14:33:36