MAGMA jumps over 70% in a day as two traders open 2x longs worth $775K
- —MAGMA gained more than 70% in 24 hours
- —Two addresses hold 1.5 million MAGMA in 2x longs worth $775K
- —Combined unrealized profit is about $340K
- —Peak return on the positions reached 105.84%
Why it matters: A 70% rally plus large leveraged longs raises the risk of a sharp reversal if momentum fades.
Source: PANews