PUMP: New Wallet Opens 6x Long on Hyperliquid
PUMP whale deposits $700K on Hyperliquid for 6x long on 1.02B tokens worth $4.7M, liquidation at $0.003916.
SourceAnalysis
Someone created a new wallet (0x434b), deposited $700K into Hyperliquid, and opened a 6x long on 1.02B $PUMP ($4.7M). Liquidation price: $0.003916.
With price testing upper Bollinger resistance at $0.0 while RSI flashes neutral at 62.79, a healthy retracement to the 50-EMA support at $0.0 seems probable before further continuation as traders weigh PUMP price prediction models against crypto market crash risks and AI industry impact on token flows.
Lookonchain
@lookonchainLooking for smartmoney onchain