【Blockchain Rhythm】Just noticed an interesting on-chain move—address 0x10a3 has made a big play in the past 3 hours. This guy used 10x leverage to go long on FARTCOIN, accumulating 19.75 million tokens, worth $7.76 million. Not satisfied, he also went long on PUMP coin, acquiring 2 billion tokens, valued at $4.77 million. Sounds aggressive, but now the account is floating a loss of $84,000. This is the taste of high leverage—profits and risks have always been twin brothers. The combination of these two new hot coins suggests that this player is betting that the current market rally can continue upward. But whether this strategy can withstand volatility depends on the market’s next move.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Whale uses 10x leverage to heavily hold FARTCOIN and PUMP, with an unrealized loss of $84,000.
【Blockchain Rhythm】Just noticed an interesting on-chain move—address 0x10a3 has made a big play in the past 3 hours. This guy used 10x leverage to go long on FARTCOIN, accumulating 19.75 million tokens, worth $7.76 million. Not satisfied, he also went long on PUMP coin, acquiring 2 billion tokens, valued at $4.77 million. Sounds aggressive, but now the account is floating a loss of $84,000. This is the taste of high leverage—profits and risks have always been twin brothers. The combination of these two new hot coins suggests that this player is betting that the current market rally can continue upward. But whether this strategy can withstand volatility depends on the market’s next move.