The funding rate for PUMP on Hyperliquid's pre-market has shifted from positive to negative, indicating that shorting power is beginning to accumulate.

On July 13, according to market data, the funding rate for $PUMP in Hyperliquid's pre-market contract turned from positive to negative. The current funding rate is -0.0017%, and short selling power is beginning to accumulate. The current open interest of $PUMP on Hyperliquid is $368.00 million, and the 24-hour trading volume exceeds $643.00 million. The current open interest of $PUMP on Binance is $135.00 million, and the 24-hour trading volume exceeds $1.341 billion. The funding rate is still positive. The long/short ratio of large accounts based on open interest is 1.24, and long positions still have the advantage. [Deep Tide TechFlow]