$PUMP has arbitrage space compared to the public offering price of 0.04 and the pre-market contract price

Those investing in pump are aiming for arbitrage, not necessarily believing in the project. On the first day of its launch, 37% will be unlocked, which means there will be 1 billion in selling pressure. This coin will eventually drop; it's just a matter of when the shorts will close.

Currently, large holders are shorting pump for hedging. If the price rises to 0.0054*（1+0.5）=0.0081, which is a 50% increase, the short positions for hedging will likely close.

Anyway, those who are shorting need to hold on for a few days; even if shorted, position control is necessary. Those without this psychological expectation should not short.