Large investors opened $7 million in short positions on Pump.fun’s native token PUMP via HyperLiquid ahead of its initial coin offering (ICO) in July 2025, showing they are cautious about its price after the token sale

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Ahead of the token’s official launch, several whale investors have opened short positions against $PUMP. Reports show that two separate whale wallets have deposited a total of $7 million in USDC to open short positions using 1x leverage on HyperLiquid. This move indicates a cautious outlook from institutional investors regarding the potential price movement of $PUMP following its ICO.