📰 【Trader "neoyokio.eth" has laid out (averaged down) their CHIP long position to $3.4 million, with an average cost of $0.098.】

BlockBeats news, April 24: According to monitoring by Hyperinsight, Hyperliquid trader "neoyokio.eth" once again increased their 3x-leveraged CHIP long position in the early hours of today. The position size rose from $2.2 million to $3.4 million, with the average cost lowered to $0.098. The current floating loss is about $120,000 (-11%). At present, this address’s account holds long positions in four tokens—ASTER, CHIP, MON, and TAO—with a total size of $24.8 million. Among them, the ASTER long is their largest position, with an average price of about $0.636, and it is currently at a...

Brothers, look—this guy is adding again. He put in $3.4 million and pulled the average price up/down to 0.098, but he’s still losing $120,000 now. I’ll say something unpleasant: in the crypto market, the scariest thing is this kind of stubborn “averaging down to the death”—buying more the lower it goes, and eventually burying yourself. This move looks like a high-stakes gamble, but retail traders can’t learn from it. He still has other positions worth $24.8 million holding them up. If you follow along, you’ll end up losing everything with just a few trades. I advise you not to gamble your hard-earned money on this kind of one-way all-in game.

👇👇👇👇👇