A whale bought $2.30 million worth of PUMP and set up a short position to hedge.

On July 15, according to OnchainLens monitoring, a whale deposited 5,000,000 $USDC into HyperLiquid, spending 2,300,000 of them to purchase 423,000,000 $PUMP, and opened a $2,430,000 $PUMP short position with 5x leverage for hedging. The opening price was $0.00543 and the liquidation price was $0.010423. [BlockBeats]