Pump.fun Token Surges in Pre-Market—But Whales Are Shorting It, Why?

As the official public sale of Pump. fun’s token approaches, significant activity has emerged across decentralized derivatives exchanges, where large investors appear to be managing risk by taking early positions. Market data shows that whales are interacting with pre-market perpetual contracts, particularly on platforms like Hyperliquid and Binance, as they anticipate potential volatility during the token’s initial coin offering (ICO), scheduled for July 12. Related Reading: Crypto Market Cap On Track To $4 source: https://www.newsbtc.com/news/pump-fun-token-surges-in-pre-market-but-whales-are-shorting-it-why/