According to Odaily Planet Daily, according to the monitoring of crypto analyst Yu Jin @EmberCN, a user named “btc@tuta.com” on Hyperliquid

The account " holds the current largest PUMP short position, shorting 8.56 billion PUMPs with 5x leverage, with a position value of US$64 million and an opening price of US$0.00338. The current price of PUMP has exceeded its opening price by more than double, resulting in a floating loss of approximately US$35 million. The account also holds other short positions such as SOL and LINK, with a total floating loss of US$44.1 million. Analysts say that its frequent transactions may indicate an arbitrage or hedging account.