0xSun: $1.5 Million Invested in PUMP Public Sale and $1 Million Hedged at $0.0054
Odaily Planet Daily reported that crypto KOL 0xSun (@0xSunNFT) posted on X, stating that he originally planned to invest $2 million in PUMP token trading, but ultimately invested $1.5 million and hedged $1 million at the $0.0054 price level. In addition, if the contract price breaks above $0.008, he will add more short positions; if the contract incurs a negative funding rate and it is relatively high, he will close the position early. If everything goes smoothly and the arbitrage is completed as planned, based on a 35% price increase, the profit margin with 1x margin would be 17.5%, and even with 4x margin, there would still be a 7% profit margin.
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