MAGMA rose more than 70% on the day to $0.51411, according to monitoring data cited by ChainCatcher from Lookonchain. During the move, two wallet addresses opened 2x leveraged long positions on 1.5 million MAGMA tokens through Aster_DEX. The size of those positions was valued at about $775,000 based on the figures provided in the report. Lookonchain said the two positions were sitting on combined unrealized profit of $340,000 at the time of the update. The highest return on investment among them reached 105.84%, pointing to a sharp gain during the token’s rally.
MAGMA climbed more than 70% on the day and was quoted at $0.51411, according to Lookonchain monitoring cited by ChainCatcher.
During the rally, two wallet addresses opened 2x leveraged long positions on 1.5 million MAGMA on Aster_DEX. Based on the figures in the report, the position size was about $775,000.
Lookonchain said the positions were showing $340,000 in unrealized profit, with the highest return on investment reaching 105.84%.
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