The token from Pump.fun #pump hasn't officially launched yet, but it is already fully firing in pre-market trading, with prices soaring over 40%, on-chain heat is off the charts! #BTC再创新高
But strangely—whales are shorting?! #ETH突破3000
Don't rush, this matter is really not simple. #趋势交易策略
🧠 Pre-market trading is booming, PUMP is hot to the touch!
As PUMP is about to officially launch on Bybit on July 12, the market is already restless. In pre-market trading:
Price surged from the ICO price of $0.004 to $0.0056 🚀.
Currently stabilizing around $0.0047, with a premium still close to 20%+.
The open interest on PUMP perpetual contracts on Hyperliquid is as high as 43 million USD.
Binance's PUMP contract has a daily trading volume exceeding 12 billion USD.
Short-term sentiment has already exploded 💥, retail investors are FOMOing wildly, but whales are quietly laying out 'insurance' operations.
🐋 Whales are not bearish, but are 'stabilizing themselves'?
According to Lookonchain data, three large wallets have deployed a total of 11 million USDC on Hyperliquid, opening short positions on PUMP, but these positions are quite unusual:
👉 Not aggressively shorting, but 'defensive hedging':
Low leverage operations: no greed, all are 1-2 times leverage.
Large margin, small position: indicating that whales are not bearish on the project itself, but are managing the upcoming ICO volatility risk in advance.
One address used 4 million USD margin but only opened a 1.07 million USD short position, with a liquidation point set at 0.02138, a very thick safety cushion.
This operation is very similar to:
"I took your private placement shares, but that doesn't mean I want to gamble on an immediate pump after listing; I need to protect my capital, brother."
🤖 What are whales doing? Several possibilities:
Hedging airdrop & private placement chip release risk.
Holding early chips, afraid of too much volatility once it goes live, so I'm opening a short position to lock in profits.Arbitrage trading.
Utilizing price differences between different platforms for arbitrage, short one side, long the other, and profit from the price difference in between.Valuation lock.
No matter how crazy you trade, in the end, it has to land near the ICO price; whales just 'lock an anchor' in advance.Retail investors are too anxious, just right to step in the opposite direction.
Always remember,whales do not FOMO with you.They prefer that you FOMO first, then make money off of you in the opposite direction.
🔍 Is the fundamental of PUMP token still stable?
Actually, the token model of PUMP itself is quite clear:
Total supply: 1 trillion.
Private placement allocation: 18%.
ICO public sale: 15%.
The rest will flow to ecological incentives, community operations, etc.
There is also a profit-sharing mechanism aimed at token holders (details to be disclosed).
The platform itself is based on Solana and has gained fame in recent months thanks to the meme launcher, with high user activity, trading activity, and emotional intensity.
Therefore, the actions of whales are not to sing down PUMP, but to prepare in advance 🌧️.
🎯 To summarize:
PUMP token has heated up in pre-market, but whales are shorting to hedge.
Short positions are not betting on a crash, but locking in risks and hedging chips.
Whales are stable, retail investors are high risk, and short-term market volatility may be very severe.
PUMP still has heat; on the day of listing, it is very likely to experience violent fluctuations and high-frequency pulls.
📌 Brothers wanting to rush into PUMP: please control your positions, don't let whales take away your chips while you FOMO!
Do you think PUMP's listing day is an 'take off' or 'fireworks'? 🚀💥
Welcome to discuss in the comments!
✍️ DYOR, manage risk well, may everyone set sail in the crypto world! 🌊
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