🐋 WLFI whale profits $2.23M: masterful short or pure luck?
I was browsing on-chain activity this morning and did a double take when I saw that wallet 0xbe19…8bd1 had an open short position of $WLFI (betting on the price going down), with unrealized profits of up to $2.23 million. 😮 This is a $632.3K short position with about 3x leverage, meaning the actual amount put up as collateral is only around $210.8K.
Looking at the liquidation price (the price at which the position will be closed automatically if the market moves against it), it’s $1.6135—more than 3,100% away from the current price of ~$0.0500. Clearly, this whale opened the position a long time ago, when WLFI was near its peak. Was this a masterful reverse bottom-fishing move, or just luck?
If you were in their shoes, would you take profits here, or keep holding to see whether WLFI drops even further? Could anyone else still dare to short WLFI?
For informational purposes only, not investment advice. DYOR.
#WLFI #AI
I was browsing on-chain activity this morning and did a double take when I saw that wallet 0xbe19…8bd1 had an open short position of $WLFI (betting on the price going down), with unrealized profits of up to $2.23 million. 😮 This is a $632.3K short position with about 3x leverage, meaning the actual amount put up as collateral is only around $210.8K.
Looking at the liquidation price (the price at which the position will be closed automatically if the market moves against it), it’s $1.6135—more than 3,100% away from the current price of ~$0.0500. Clearly, this whale opened the position a long time ago, when WLFI was near its peak. Was this a masterful reverse bottom-fishing move, or just luck?
If you were in their shoes, would you take profits here, or keep holding to see whether WLFI drops even further? Could anyone else still dare to short WLFI?
For informational purposes only, not investment advice. DYOR.
#WLFI #AI
