From TokenPost · · 40s
Five Wallets Hold $2.63 Million in SPCX Longs
Five wallets hold $2.63 million in SPCX longs at 5x leverage on Aster.
In brief
Five wallets hold $2.63 million in SPCX longs at 5x leverage on Aster. Five wallets with $2.63 million in SPCX long positions at 5x leverage on Aster have $223,000 in unrealized profit. Originally reported by TokenPost.
Wallets hold $2.63 million in SPCX longs
Five wallets held $2.63 million in 5x long positions in SPCX on Aster by 11:52 p.m. ET Tuesday (03:52 UTC Wednesday).
Positions open with $223,000 unrealized profit
The wallets deposited USD1 before opening positions totaling 16,287 SPCX units, with $223,000 in unrealized profit.
Leverage magnifies price impact
At 5x leverage, a trader controls a position five times the size of the margin committed, magnifying price moves in either direction.
In short
Five wallets with $2.63 million in SPCX long positions at 5x leverage on Aster have $223,000 in unrealized profit.
