The funding rate of PUMP on Hyperliquid has turned from positive to negative, and short positions are beginning to accumulate.

On July 13, according to market data, the funding rate for PUMP in the Hyperliquid pre-contract has turned negative at -0.0017%, with short positions starting to accumulate. The current open interest for PUMP on Hyperliquid is reported at 368 million dollars, with a 24-hour trading volume exceeding 643 million dollars. The current open interest for PUMP on CEX is reported at 135 million dollars, with a 24-hour trading volume exceeding 1.341 billion dollars, and the funding rate remains positive. According to the open interest statistics, the Long-Short Ratio for large investors is 1.24, with long positions still holding an advantage.