Rowdy Crypto: Trader bets it all on PUMP and is up $2.1 million

‍

Influential crypto trader and GCR disciple Rowdy Crypto is up $2.1 million on a long PUMP position in Hyperliquid. 

The trader bet his entire Hyperliquid account buying near the bottom of PUMP in August. 

His conviction paid off as his bet has turned into a spectacular $2.1 million profit. Rowdy Crypto opted to bank 50% of the profit and go back in with a $3 million long position on PUMP with $1 million in collateral.

‍

‍

The trader, who has 30k followers on X (@RowdyCrypto) and claims legendary trader GCR as one of his inspirations, tweeted in March of this year that he had “achieved the pinnacle of financial success” and was saying goodbye to trading in order to “embrace other arenas of life”. 

This recent trade suggests Rowdy Crypto is back in the game. 

Rowdy Crypto’s decision to go long PUMP may have had something to do with Pump.fun’s strategic buyback policy. Since mid-July, Pump.fun has been funding buybacks of its native token using revenue generated from fees on the Pump.fun platform. 

The buyback - which effectively removes tokens from circulation - shows the platform’s commitment to supporting the PUMP token’s value.

According to data from Dune Analytics, Pump.fun has spent over $88 million dollars on buybacks since it started - reducing the circulating supply by over 6%. The buybacks appear to be working as designed, with PUMP up 52% in the last month.

‍

‍

Pump.fun’s aggressive buyback policy may have been the catalyst for Rowdy Crypto’s return to trading after announcing he was leaving the game. By committing his entire account into a single trade, Rowdy Crypto emulated the all-or-nothing approach so often promoted by GCR when he was still trading.