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Pump.fun whale bets $6M on PUMP - Can liquidity fuel a breakout?
PUMP's whale-led demand and spot outflows strengthen its chances of extending the ongoing recovery. Whale activity intensified around Pump.fun [PUMP] after a trader opened a $6 million leveraged long, reinforcing bullish conviction through the latest recovery.
As reported by Lookonchain, the position involved a 10x leverage on 1.94 billion PUMP, with approximately $246,000 in unrealized profit already. Meanwhile, PUMP was up 8.51% in 24 hours to trade near $0.003017 at press time. However, the whale set a liquidation price of $0.002852, leaving the position exposed in case of a correction.
The leveraged bet therefore reflected strong directional conviction while raising the significance of nearby price support.
Continued strength above the liquidation threshold would preserve the whale's exposure and maintain buying confidence.
PUMP's $6 million whale long and spot outflows keep buyers firmly positioned.
Holding $0.002852 could support another push toward $0.003128 and $0.003150.$PUMP