Wormhole Trader Holds $1.86 Million Long After W Jumps 66%
Photo: TokenPost
A large trader held a leveraged Wormhole (W) long worth about $1.86 million after the token climbed roughly 66.3% in 24 hours, with the account beginning to take profits after the advance. W was recently quoted at $0.02929, while derivatives volume reached about $24.32 million and notional open interest stood at approximately $31.08 million. The trader opened a long position on Sept. 29 after spending about $201,300. The account later added roughly 10.45 million W for approximately $183,600 on Oct. 10. It continued to hold about 63.41 million W with 5x leverage at an average entry price of $0.014509.
Source: TokenPost
