Significant Adjustments in PUMP Short Positions Observed

According to BlockBeats On-chain Detection, recent monitoring by HyperInsight revealed that the address starting with 0x880ac made two significant adjustments to its largest short position in PUMP within two hours. Initially, the position was increased by 2.72 million tokens, followed by a reduction to 1.45 million tokens, resulting in a net decrease of 1.27 million tokens. The PUMP short position is valued at approximately $71.47 million, with an unrealized loss of about $11.33 million and a liquidation price of around $0.012. The total account holdings are approximately $137 million. The monitoring indicates that this address has been actively shorting with about 5x leverage, frequently making minor adjustments, mostly reducing positions. As of 12:00 UTC+8 today, there have been 18 adjustments to the PUMP position, primarily reductions. Additionally, the current top three short positions are PUMP at approximately $71.47 million, SOL at about $43.26 million, and LINK at around $13.62 million.