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After a whale incurred a loss of $4.4 million, it went long on Nvidia and opened a $20.2 million 3x leveraged long position.
BlockBeats message, July 11, according to Lookonchain monitoring, after a previously underperforming whale incurred losses of about $4.4 million and failed to profit from two long positions of $SKHX , it has turned to going long on Nvidia.
The address has most recently opened a 3x leveraged long position worth 96,251 shares of NVDA (about $20.22 million), betting that Nvidia’s stock price will rise further.