😈 Papa Dump: February 18 — PIRATE +21%, 11.8% Arb

136 events today; total pump volume $3.5M, total dump volume $22.2M, total buy pressure $493.5M vs total sell pressure $378.4M. Pumps: PIRATE +21.3% on Bybit Spot (1 exchange, $0.1M) and +14.0% on Bybit Spot/ Coinbase ($0.3M); ORCA +13.3% across Gate Futures, Bybit, Bitunix ($1.6M); JTO +12.2% on OKX/ Coinbase/ Bybit ($0.9M); SOSO +11.0% on Bybit Spot ($0.2M); Dumps: BLUAI -20.5% on Bitunix/Bybit ($2.2M); TRUTH -15.3% on OKX ($2.3M); RPL -13.4% on Coinbase ($0.3M); NIBI -12.2% on Bybit Spot ($0.1M); BSU -11.3% on Bybit ($0.1M). Arbitrage: RPL 11.82% buy OKX Spot at 2.7060, sell Coinbase at 2.8000; RAY 9.77% buy Coinbase 0.6367, sell OKX Spot 0.6989; A8 9.41% buy Bybit 0.0131, sell Coinbase 0.0143; ORCA 8.44% buy Gate Futures 0.9680, sell Bybit 1.0011; BLUAI 8.05% buy Bybit 0.0067, sell Bitunix 0.0072. Order flow shows ETH buys at 74.3% on average across Hyperliquid/OKX Spot, BTC sells heavy (87% ratio) across OKX/Bybit/Bitget; cautious: liquidity can fade on fast moves, so chase only tight, fast exits.