In addition to an unrealized profit of $11 million, the trader funded a short position with a liquidation price above $4,750, earning more than $680,000 in commissions.
The trader opened a short position on Dec. 24, which fell more than US$1.2 million on the first day, #chain analyst firm Lookonchian wrote in its Dec. 24 X-Report. Lookonchian wrote in its December 24 X-Report.
While leveraged trading has the potential to increase profits, it also greatly increases downside risk and can result in the loss of the initial investment.
January 2024, a pseudonymous trader lost more than $161,000 in a single trade after his leveraged position was liquidated.
December 6, the $100,000 milestone was reached for the first time in #cryptocurrency history.
memecoin.
However, pe While #Pepe hit record highs, it took this trader 600 days of patient holding to make a huge profit from memecoin.
In May, another unnamed trader took advantage of Pepe's rising price, earning 15,718 times his initial investment of $3,000 after making a profit of more than $ 46 million.
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