Large Whale Opens Short Position on PUMP Tokens via HyperLiquid

Key Points:

  • Whale address 0x8373 executes a leveraged short on PUMP tokens ahead of ICO.
  • $2.13 million position amplifies market volatility concerns.
  • Increased trading activity highlights potential post-ICO price corrections.

A whale address beginning with 0x8373 secured a short position worth $2.13 million on the PUMP token using 3x leverage through the HyperLiquid exchange, according to LookIntoChain’s monitoring data from July 12.

This significant market activity emerges as Pump.fun prepares for a major Initial Coin Offering (ICO), leading observers to anticipate heightened volatility during PUMP’s post-ICO market entry period.

Whale’s $2.13 Million Short Sways Market Sentiment

The whale address, starting with 0x8373, has established a 3x leveraged short position on PUMP tokens on the HyperLiquid platform. This activity reflects substantial capital deployment totaling 3.776 billion PUMP tokens, facilitated via the HyperLiquid exchange. Observers noted sustained bearish sentiment with multiple whales contributing to increased shorting pressure ahead of the token’s ICO.

The unfolding situation led to concerns about post-ICO trading behavior. Analysts cite historical trends where tokens with major pre-ICO shorting see significant volatility upon listing. PUMP’s liquidation price for current positions remains a key marker for potential outflows and selling pressure in the evolving scenario.

Market participants have reacted with caution and skepticism, impacting discussions in the investor community. The absence of an official statement from founders has fueled speculation. Monitoring by analysts, including Lookonchain, underlines the weight of these collective short positions, with concerns about potential effects on PUMP’s immediate post-ICO valuation.

PUMP Token Faces Volatility Risks Amid Whale Trading Activities

Did you know? Tokens with large pre-ICO shorting tend to see heightened post-launch volatility…

According to the latest CoinMarketCap data, PumpBTC (PUMP) currently trades at $0.04, with a market cap of $11.31 million, showing a 9.32% drop over the past 24 hours. Despite a week-long gain of 6.32%, the token has faced a 23.63% decline over the last 30 days.

pumpbtc-governance-token-daily-chart-7

PumpBTC (Governance token)(PUMP), daily chart, screenshot on CoinMarketCap at 05:00 UTC on July 12, 2025. Source: CoinMarketCap

Analysis by the Coincu research team points to potential regulatory scrutiny given the trend in large-scale market activities. Experts speculate on possible financial restructures or strategic alliances to mitigate PUMP’s declining market perception, cautioning stakeholders on the underlying risks tied to the ICO phase.

Source: https://coincu.com/348203-whale-short-pump-token-hyperliquid/