PANews, August 27: According to Lookonchain monitoring, trader 0xedcd went long on 20,000 ETH (worth $49.9 million) just before the market surge, earning over $11 million in profit, and has now opened a new 20x long position on 100,000 SOL (worth $10.45 million).
Trader profits over $11M from a 20,000 ETH long position, now opens a 20x leveraged position on 100,000 SOL
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Summary
A trader using the handle 0xedcd recently secured over $11 million in profit from a 20,000 ETH long position ahead of a market rally. The position, valued at $49.9 million, was followed by a new 20x leverage trade on 100,000 SOL, worth $10.45 million. The aggressive position sizing reflects confidence in the altcoin’s potential.
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