$PUMP 𝗶𝘀 𝗱𝗼𝘄𝗻 𝟵% 𝘁𝗼𝗱𝗮𝘆, 𝗮𝗻𝗱 𝗼𝗻𝗲 𝘄𝗵𝗮𝗹𝗲 𝗳𝗹𝗶𝗽𝗽𝗲𝗱 𝗳𝗿𝗼𝗺 𝗹𝗼𝗻𝗴 𝘁𝗼 𝘀𝗵𝗼𝗿𝘁.
Pump.fun slid from about $0.0065 to near $0.0058, with $452M traded on Binance Futures in 24 hours.
Lookonchain flagged a trader who closed 1B PUMP in longs at a loss, then opened a 1.5B PUMP short near $0.0060.
There's no Pump.fun-specific news. It's moving with a weak memecoin tape, and open interest is down about 13% as leverage leaves.
One big short, or the start of a trend?
NFA.
#PumpFun #BinanceFutures
Pump.fun slid from about $0.0065 to near $0.0058, with $452M traded on Binance Futures in 24 hours.
Lookonchain flagged a trader who closed 1B PUMP in longs at a loss, then opened a 1.5B PUMP short near $0.0060.
There's no Pump.fun-specific news. It's moving with a weak memecoin tape, and open interest is down about 13% as leverage leaves.
One big short, or the start of a trend?
NFA.
#PumpFun #BinanceFutures