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Some say pippin $PIPPIN
Based on leverage ratios, just the funding costs could swallow up 20 million USD. Even more heartbreaking is that, even if this coin instantly goes to zero, the accumulated fee losses are enough to offset this small profit. To put it simply, in the high-leverage racing track, traders sometimes earn money that isn't enough to cover transaction fees.
However, this trader is obviously not ordinary. It is said that besides the main platform, they also open positions on other exchanges, and the amount of funds controlled must be in the trillions of USD level. With this level of capital, one or two losses are simply nothing. This wave from loss to profit truly deserves applause for such a "legendary player."
Is 20 million dollars real?