The Pump Token Carry Trade: Funding Positions in Emerging Markets Using SOL-Denominated Leverage
A trader in Argentina observes that local interest rates exceed 200% annually while the currency depreciates steadily against the US dollar. Simultaneously, the PUMP token trades on Solana-based decentralized exchanges with sufficient liquidity and volatility to support leveraged positions. The structural arbitrage is simple: borrow stablecoins denominated in dollars, convert to SOL, acquire PUMP at the current pump price, and