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Whale high-leverage operations hit a snag: Both altcoin holdings simultaneously lost $760,000 in unrealized gains
【Blockchain Rhythm】A well-known bullish whale’s recent moves are quite interesting—simultaneously betting on two altcoins, and both ended up getting trapped.
Specifically, this big player used 10x leverage to hold 7.68 million FARTCOIN, with a cost basis of $0.4542 each. According to the current market, the account is already floating a loss of $448,000.
Even more aggressive is another position: 40x leverage to long 1.28 billion PUMP, with an average entry price of only $0.0025. This high-leverage position is also losing, with an unrealized loss of $319,000.
Adding both positions together, the floating loss exceeds $760,000. This is the cost of high leverage—when the trend is right, it can quickly appreciate, but once the direction reverses, the loss rate is also astonishing. Altcoins are inherently volatile, and with leverage as high as 40x, the risk factor skyrockets.