The account named "[email protected]" on Hyperliquid holds the largest short position in PUMP, currently with a floating loss of 35 million. He shorted 8.56 billion PUMP with 5x leverage, and the position is worth 64 million USD. The opening price was 0.00338 USD, while the current PUMP price has already more than doubled his opening price. Besides PUMP, he has several other short positions, mainly in SOL and LINK. Currently, his total floating loss has reached 44.1 million USD. However, this address trades very frequently, and it may belong to an arbitrage/hedging address. No doubt, it's a wash trading operation~
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.