A whale bought $2.3 million worth of the asset PUMP and established a short position to hedge

On July 15th, according to OnchainLens monitoring, a whale deposited 5.000 million $USDC into HyperLiquid, spent 2.300 million $USDC to purchase 423.000 million $PUMP, and opened a 5x leveraged short position on $PUMP worth 2.430 million $USDC for hedging. The opening price was $0.00543, and the liquidation price was $0.010423.