Whale shorts PUMP, SOL and XRP for $21.9M while holding $34M in HYPE and LIT longs
- —PUMP short: 1.5 billion tokens at 5x leverage, entry $0.00602, value $9.02M
- —SOL short: 75,000 tokens at 20x leverage, entry $115.07, value $8.65M
- —XRP short: 3 million tokens at 20x leverage, entry $1.397, value $4.21M
- —HYPE and LIT longs worth $33.97M with $6.92M unrealized profit
Why it matters: A major whale is betting against PUMP, SOL and XRP, which could add selling pressure on these assets if the market weakens further.
Source: TokenPost