PUMP Whale Position Shows a 504% Return With 5x Leverage

A leveraged PUMP position on Hyperliquid showed about $1.625 million in unrealized profit, a return of roughly 504%, as the token's perpetual futures price rose to about $0.0065.

The address, identified as 0xeadc, held about 501 million PUMP tokens in a long position valued at roughly $3.24 million. The position used 5x leverage and had an average entry price near $0.0032.

The address's net PUMP long had decreased by about 119 million tokens. PUMP perpetual futures on Hyperliquid were up roughly 18.5% over 24 hours.