Has everyone participated in the $PUMP? In just 12 minutes, 600 million was raised; this market really isn't short on cash...
Previously, many comments were worried that the circulating supply was too high and that it wouldn't hold up after the opening, but the pre-market contract depth is sufficient, and those who needed to hedge have already done so. In other words, the selling pressure may not be as much as expected; on the contrary, a lot of European and American openings should rush in.
Additionally, so far, the funding rate is still positive, which indicates that the long-short ratio is currently very balanced, even leaning towards bullish.
The public sale performance of Pump has directly boosted $launchcoin and $Bonk, and many opportunities are expected in the coming days. 😍
Another interesting discovery is that the $Pump Open Interest on @HyperliquidX is 324M, three times higher than the second place, Binance, completely crushing other centralized exchanges.
Its efficient contract listing speed and ultra-deep liquidity have slowly become the first choice for more and more large holders. And the price of $HYPE has already said it all. 😎
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