0xSun: PUMP public sale invested $1.5 million and completed $1 million hedging at $0.0054
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Planet Daily News: Crypto KOL 0xSun (@0xSunNFT) posted on X platform that he originally planned to invest $2 million in PUMP token trading, ultimately investing $1.5 million and completing a $1 million hedge at a price of $0.0054. Additionally, he will add short positions if the contract price breaks through $0.008, and will close positions early if the contract has a negative and high funding rate. If the arbitrage is successfully completed, calculated at a 35% increase, with 1x margin profit rate of 17.5%, even with 4x margin, there would still be a 7% profit rate.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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