I checked the quantity 41720458 against liquidation transaction $PUMP . It was a long position worth about $173,000, with an average execution price of 0.004150. The current price is holding at 0.004156—very close. The price is down 7% over 24 hours, and the liquidated positions were longs, so leverage on the downside is being flushed out. I matched the quantity and amount, and the direction checks out too, but the price hasn’t moved far from the average liquidation price. Flushing out one $173,000 position doesn’t mean there won’t be another one below. Do you think this 7% drop is enough to wipe out all the long leverage?
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