According to Lookonchain, trader 0xedcd has opened a new leveraged position after previously booking more than $11 million in profit on an ETH trade. The wallet had gone long 20,000 ETH, a position valued at about $49.9 million, before a sharp market rally. On Aug. 27, the same trader opened another position, this time going long 100,000 SOL with 20x leverage. The SOL position is currently valued at roughly $10.45 million. The update was cited by BlockBeats as an on-chain monitoring alert from Lookonchain.
Trader 0xedcd has opened another leveraged crypto position after previously making more than $11 million on an ETH long, according to on-chain tracker Lookonchain.
BlockBeats reported on Aug. 27 that the trader had gone long 20,000 ETH before a major market rally. That ETH position was valued at about $49.9 million and generated profit of more than $11 million.
The trader has now opened a new position: a 20x leveraged long on 100,000 SOL, with the position valued at about $10.45 million.
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