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A Whale bought $2.3 million worth of PUMP and set short positions for hedging.
According to BlockBeats news on July 15, monitoring by OnchainLens shows that a Whale deposited 5 million USDC into HyperLiquid, spending 2.3 million of that to purchase 423 million PUMP, and opened a short position worth 2.43 million USD on PUMP with 5x leverage for hedging. The entry price was 0.00543 USD, and the liquidation price was 0.010423 USD.