Today, July 10, 2025, a whale opened a significant $4 million short position on Pump (PUMP) through the decentralized derivatives trading platform Hyperliquid, according to new data shared by Onchain Lens.
This brave action, backed by 1x leverage, caught the attention of crypto market participants, eliciting debates on the wider implications for Pump’s prices.
The Whale Opens 1x PUMP Short Position
With such a short trade, the whale bets that the price of PUMP will drop. He borrowed Pump coins worth $4 million on Hyperliquid, sold them at the current price, hoping to purchase them back later at a reduced price, earning the difference as profit.
This trading strategy involves huge risks but can be very profitable if it is successful. In this case, the whale utilized 1x leverage in his trade.
The trade indicates a bearish outlook and signifies a possible price fluctuation. Whales, renowned for their significant holdings and influence, normally make strategic movements that could affect investor sentiment and price actions. This short position implies that the whale anticipates a downtrend in the PUMP market.
As highlighted above, such a whale, with his market influence and significant financial holdings, can cause substantial pressure on PUMP prices. His action is keenly being observed by crypto investors, who typically utilize such trading as signals of possible market trends.
The whale’s move can also be seen as a hedging strategy, intending to mitigate possible losses in the event of a Pump’s price downward movement. By opening a short position, the investor is set to profit from a fall in the PUMP’s price, as a result, offsetting any losses made from previous trades.
This explains how this strategy can help the investor to maintain balanced financial holdings and hedge against price fluctuation.
Pump Price Updates
PUMP has been experiencing an impressive uptrend recently, with its value remaining up 50.1%, 23%, and 166.4% over the past seven days, two weeks, and one month, respectively. Today, its price is currently standing at $0.0249, up 73.1% over the past 24 hours.
However, time will tell whether the whale’s shorting bet will be fruitful. In exciting news, Pump.fun, a meme coin Launchpad platform, is preparing to launch its PUMP token on prominent virtual currency trading platforms, including ByBit and Gate.io, on July 12, 2025. This major upcoming launch is significant as it will expose the PUMP coin to a broader audience, as result could further drive prices up.
