Crypto
PUMP Price Rally Hinges on Key Support at $0.005000
A $4.7 million long position has been opened in PUMP tokens on Hyperliquid, with over $200,000 in unrealized profit so far.
The trade was initiated near $0.004407 and is currently sitting at $0.004536, but the liquidation level looms near $0.003916, leaving little room for complacency.
A move above $0.005000 could give the trader more breathing room, while a test of 0.005500 would push the position further into profit, assuming demand remains strong.