Address Goes Long on FARTCOIN and PUMP with 10x Leverage, Faces $84,000 in Floating Losses

Address Bets Big on FARTCOIN and PUMP with Leverage

According to data from blockchain monitoring platform Lookonchain, an address labeled 0x10a3 has gone long on FARTCOIN and PUMP tokens with 10x leverage over the past three hours.

The address acquired 19.75 million FARTCOIN, worth around $7.76 million, and 2 billion PUMP tokens valued at approximately $4.77 million.

Current Losses on the Trade

Despite the high-leverage approach, the market has not moved as expected, resulting in floating losses for the position. The total unrealized loss currently stands at $84,000, a relatively small portion of the invested capital.

• The 19.75 million FARTCOIN position has only a minor unrealized loss
• The 2 billion PUMP tokens also show a small floating loss

Market Implications

This move highlights how investors are still attempting to boost potential gains by using leverage on highly volatile assets like FARTCOIN and PUMP. However, the market response has been muted, without significant price surges.