ME News reports that on October 11 (UTC+8), a large whale accumulated a total trading volume of approximately $10.301 billion, with historical trading losses of about $933,200 and no current positions. All 1,058 closed positions by this whale used 1,000x leverage, with 37 being liquidated, resulting in a total margin loss of approximately 361,000 USDC, involving Bitcoin and Ethereum. Additionally, this whale has staked approximately 84.98 million PAPER tokens, accounting for about 1.59% of the platform’s total staking volume, and has accumulated rewards of approximately 223,900 USDC. (Source: ODAILY)
Whale Loses $933,200 Using 1,000x Leverage; Total Trading Volume Reaches $10.3B
KuCoinFlashShare
Summary
On October 11 (UTC+8), whale activity saw a major trader lose $933,200 using 1,000x leverage. The trader’s total trading volume reached $10.30 billion, with 1,058 positions closed. Of these, 37 were liquidated, resulting in the loss of 361,000 USDC in collateral on Bitcoin and Ethereum. The trader also staked 84.98 million PAPER tokens, representing 1.59% of the platform’s total supply, and earned 223,900 USDC in rewards.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.