According to blockchain analytics platform data as of February 2, crypto influencer 0xSun (X handle: 0xSunNFT) is currently experiencing significant unrealized losses on leveraged silver-related token positions. The market observation indicates approximately $190k in floating losses with 4x leverage applied, representing an 11% drawdown.
Risk-Reward Dynamics Under Scrutiny
The position's average entry price stands at $86.38 with a total holding of 50,000 tokens. At current valuations, this represents about $4.18 million in total exposure. Notably, the liquidation threshold is set at $47.47, demonstrating sophisticated risk management parameters.
- $2 million capital transfer executed Jan 31
- Single position exposure exceeding $4 million
- Dynamic leverage application observed
Evolution of a Market Veteran
Recognized as a key 'smart money' player in Chinese crypto circles, 0xSun's investment journey spans multiple market cycles. From early NFT market discovery to high-frequency trading in meme coin seasons, his strategy has evolved into a distinctive framework. Currently maintaining over 200k followers on X, his on-chain activities are frequently analyzed as market indicators.