PUMP Large Investors suffer huge losses and sell: $7.57 million dumping, derivation long positions liquidation continues to pressure.

【Coin World】Recently, there’s been something interesting. A heavyweight Large Investor held PUMP Tokens for three months and recently transferred 3.8 billion coins to FalconX in one go, with this dumping worth 7.57 million dollars. But this guy’s initial investment was 19.53 million—can you imagine? He directly evaporated over 8 million.

When did this operation happen? It was just when the price was approaching $0.00183, which is clearly a rhythm of collective surrender by investors. Such Large Investors level panic dumping often indicates that the market is about to enter a distribution mode, at which point the supply pressure will only increase.

The technical outlook is even less optimistic. The PUMP is still being pressured below the downtrend line, and the MACD indicator is completely controlled by the bears below $0.00210. It seems that there is a lack of impetus for a rebound in the short term.

The derivatives market is also signaling a bear market. The open interest has just dropped by 9.24%, now maintaining around $15.38 million—this indicates that investors are rapidly de-leveraging, and speculative enthusiasm has long faded. Most painfully, the recently liquidated long positions have reached $2.7 million, and this is continuing to decline.

At this momentum, PUMP is likely to test the support level of $0.000426 before it can rebound, with a probability of eight out of ten. How it moves afterward will depend on whether this position can hold.