Markets· ★★· bearish·

Binance futures trader '单老婆' exits LOBSTER long with $907K loss after $2.19M unrealized gain

  • —Position of 18.29M LOBSTER peaked at $5.75M in value
  • —Unrealized profit reached $2.19M before turning into a $907K loss
  • —The long was closed on Oct. 2 at an average price of $0.09374
  • —LOBSTER hit an all-time high of $0.3143 on Sept. 21
Why it matters: The case highlights how quickly leveraged memecoin positions can erase profits when the trend reverses.
Source: PANews
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