PANews, August 24: According to on-chain analyst Yujin, during last week’s sharp one-sided rally, Maji increased their long position from $150,000 to $11.15 million, realizing a profit of $11 million. Over the past 10 months, Maji had incurred $35 million in losses from long positions in ETH; after this profit, their net loss has been reduced to $24 million. Maji currently holds long positions worth $129 million, including ETH, BTC, HYPE, and PUMP, with an overall leverage ratio of 12x.
Trader 'Maji' Cuts 10-Month Loss to $24M After $11M Profit from ETH Long Position
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Summary
ETH prices surged in a one-sided market, enabling trader 'Maji' to secure an $11 million profit from a rolled ETH long position. Over the past 10 months, Maji had lost $35 million on ETH positions, but the recent gain reduced the net loss to $24 million. Analysis shows Maji now holds $129 million in long positions across ETH, BTC, HYPE, and PUMP, using 12x leverage.
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