On September 7, 2026, a pair of high-stakes traders placed aggressive leveraged bets on PUMP through Hyperliquid, despite thin trading conditions and broader crypto market selling pressure.
According to on-chain commentator Lookonchain, a newly created wallet deposited $700,000 into Hyperliquid and opened a 6x long position on PUMP worth approximately $4.7 million. The position has a liquidation price of $0.003916, a level traders are monitoring closely because a move toward that threshold could trigger liquidation pressure and increase volatility in the derivatives market.
In a separate move, trader 0x60b0 opened a 10x long position on PUMP valued at about $9.02 million. This trader reportedly made $2 million from a previous long position, and the new trade suggests growing confidence in the asset even as the broader crypto market shows mixed signals and selling pressure.
PUMP has not shown significant trading volume, and market data indicates liquidity remains thin. Still, the size of these positions may act as a catalyst for increased interest, with traders watching open interest, funding rates, and potential follow-through buying. Observers are also paying attention to social media and trading forums for sentiment shifts that could lead to sharper price movements.
