Crypto Trader Opens $1.53M 10x Long on PUMP After Ansem’s $115K Purchase

A cryptocurrency trader opened a $1.53 million leveraged long position on Pump.fun (PUMP) shortly after crypto influencer Ansem purchased approximately $115,000 worth of the memecoin, according to on-chain data.

Specifically, trader 0xbf73 entered a 10x long position on 764.14 million PUMP at an entry price of $0.0019850. The position will be liquidated if the token falls to $0.0016194.

The leveraged bet followed Ansem’s purchase of 1,500 SOL worth of PUMP, suggesting increased trading activity around the token.

At the time of writing, PUMP traded at $0.001935, up 17% over the past 24 hours.

Source: Lookonchain