On July 12, blockchain monitoring tool Onchain Lens detected a major transaction involving a newly created wallet. The address transferred $4 million USDC into the Hyperliquid platform and immediately opened a short position on PUMP with 1x leverage.
This bold maneuver suggests a confident bearish stance on PUMP, especially considering the size and timing of the move. The identity behind the wallet remains unknown, but such high-capital plays often hint at insider knowledge or strategic conviction.
📊 Details:
🔍 New Wallet Created
💰 $4,000,000 USDC Deposited
📉 Shorted $PUMP at 1x Leverage
⏰ Date: July 12
🧠 Source: Onchain Lens
Is this just the beginning of a larger trend, or a standalone hedge? Stay tuned—Hyperliquid is heating up. 🔥
#Hyperliquid #PUMP #USDC #CryptoNews #OnchainData #DeFiTrades #ShortPosition
