- A whale opened a $7.25M leveraged long on $PUMP, targeting $10B FDV, despite a $250K unrealized loss.
- Over $3.9M USDC was bridged to Hyperliquid from Binance, backing the whale’s high-conviction bet on $PUMP’s upside.
- PUMP’s long positions dominate short interest, but sell walls and tight margin levels could trigger forced liquidations near $0.004.
A large on-chain trader has placed a $7.25 million leveraged long on PUMP, setting ambitious targets up to $10 billion in fully diluted valuation. The position, spread across multiple wallets, is currently down by over $250,000 as market volatility tests conviction.
Massive Leveraged Longs Target Upper Valuation Bands
The whale’s open interest spans from a $7.5B to $10B FDV, with tight take-profit clusters layered across that range. According to Arkham, “the entity executed the entries through multiple wallets using strategic slippage control.”
This position is backed by a sharp inflow of capital into Hyperliquid. Transfers exceeding $980K USDC per batch were traced from Binance hot wallets to the Hyperliquid bridge. These mirrored moves suggest purposeful liquidity positioning to support the PUMP strategy.
Price action between July 12–14 reflected this activity. PUMP climbed to $0.007 but quickly faced resistance, retracing to around $0.0052. Whale liquidation sits near $0.00348, with the margin risk line now uncomfortably close.
Exchange Data and Wallet Trails Confirm Strategic Build-Up
Hyperliquid saw $13.6M in PUMP longs vs $5.2M in shorts during the whale’s entry window. This imbalance underscores how bullish positioning has overpowered bears in recent trading.
Arkham shows the involved wallet held previous exposure to Curve.fi and multiple escrow contracts. That same wallet now holds less than $300 in real-time portfolio value. The drawdown reflects the market’s punishing volatility against high-risk long bets.
The account’s history also shows repeated interaction with ETH, USDT, and USDC, signaling flexible asset sourcing. TVL trends confirm sharp swings during this period, with value collapsing after sell pressure emerged near short-term highs.
Binance-Backed Launch Model Fuels Frenzy
The trader’s conviction aligns with Binance’s adoption of the Pump. fun-style launch model. According to a report by Arkham, this structure uses bonding curve liquidity, incentivizing early capital with compressed supply dynamics.
Such tokenomic setups amplify volatility and reward aggressive early positioning. This launch format has attracted speculative capital, evident in sudden inflow spikes and long dominance.
At the time of writing, PUMP trades near $0.00522 with clustered sell orders stacked overhead. If the price dips below $0.004, cascading liquidations could trigger.
The wallet’s inflow schedule, risk exposure, and active position management suggest a coordinated, aggressive play. Whether it pays off will depend on how the $PUMP market absorbs volatility ahead.
