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A user is shorting PUMP with unrealized losses of 35 million USD, with total losses exceeding 44.1 million USD.
Odaily News According to encryption analyst Yu Jin @EmberCN monitoring, the account named "btc@tuta.com" on Hyperliquid holds the current largest PUMP short position, shorting 8.56 billion PUMP with 5x leverage, with a position value of 64 million USD and an opening price of 0.00338 USD, while the current price of PUMP has exceeded its opening price by more than double, resulting in unrealized losses of about 35 million USD. The account also holds other short orders such as SOL and LINK, with total unrealized losses reaching 44.1 million USD. Analysis indicates that its trading is frequent, possibly for arbitrage or hedging accounts.