Five Wallets Hold $2.63 Million in Leveraged SPCX Longs on Aster

Five wallets held $2.63 million in 5x long positions in SPCX on Aster by 11:52 p.m. ET Tuesday (03:52 UTC Wednesday), with $223,000 in unrealized profit. The wallets deposited USD1 before opening positions totaling 16,287 SPCX units. The $2.63 million figure was their combined market exposure. The $223,000 gain reflected positions that were still open, rather than proceeds from closed trades. At 5x leverage, a trader controls a position five times the size of the margin committed. Leverage magnifies the effect of price moves in either direction.

Source: TokenPost