Once Lookonchain’s data comes out, it’s likely another batch of fresh “greenhorn” scalpers will rush in to open 10x positions again—history never repeats, but it always rhymes.

ME News Report, June 1st (UTC+8), according to the on-chain analysis platform Lookonchain, a trader used 10x leverage long positions twice within two days, earning over $1.4 million in profit.
In the first trade, the trader opened a position with $7.6 million, purchasing 110,735 $HYPE tokens, ultimately realizing a profit of $580k; subsequently, the trader increased the position to $14.89 million, buying 204,383 $HYPE tokens, with current unrealized profit reaching $838k.
(Source: MLion)