0xSun on PUMP Participation Strategy: Different strategies can be formulated based on the public sale speed

On July 12th, Smart Money, the crypto KOL 0xSun (@0xSunNFT), published an article discussing participation in the pump.fun token sale and trading strategies. He suggested that investors could formulate different hedging strategies according to the situation of the public sale. 0xSun suggested that if the public sale speed is slow, one can choose not to participate. If the public sale participation progress is fast, one can participate in hedging with sufficient margin, and the risk lies in the token distribution interval of 24 to 72 hours after the end of the public sale. "One scenario is a contract squeeze and empty order. The response is to leave enough margin, which is equivalent to reducing the capital utilization rate to increase security. The second scenario is that spot trading opens earlier than the time when tokens can be transferred, manipulating the spot price to squeeze. Even if the contract price does not follow, it will become a negative fee rate. Retail investors who hedge will be tortured by the fee rate if they do not close the short position. If they do close the short position, the coins in hand will become naked long, and they will bear the risk of coin price fluctuations."