A memecoin shorting protocol called Dumpy.fun says it will release a new “squeezy” tool allowing traders to take the other side of the short trade.
A Solana protocol initially designed to short memecoins is launching a new app that will do the exact opposite, allowing users to go long on heavily shorted tokens.
In an Aug. 20 X post, the Dumpy.fun protocol — which borrows its namesake from the highly profitable Solana memecoin deployer pump.fun — said it would launch a short-squeeze tool called “squeezy.lol” next week on Aug. 27.
The shorting platform said the new tool would usher in a “new era of PVP” — referring to the aggressive, player vs. player style of trading that memecoins as an asset class encourage.
