$PUMP is trending — but positioning matters more than hype.
A large trader reportedly closed a 1B PUMP long at a ~$265K loss, then opened a 1.5B $PUMP short with 5x leverage.
With volume still elevated, the key question is whether this is a leverage flush or deeper distribution.
$0.0052 → support
$0.0058 → reclaim zone
Reclaim = recovery signal.
Lose support = structure weakens.
Shakeout or breakdown?
#PumpFun #Solana #crypto