๐จ MARKET WATCH: The "Insider Whale" Liquidationโผ๏ธ
The crypto community is buzzing as the trader often linked to the "Trump Insider Whale" wallet has reportedly been fully liquidated.
๐ The Numbers (via Coinglass):
Total PnL: Over -$128.87M.
7-Day Wipeout: Approximately -$172.38M.
The Reversal: After a massive profit on a short in October, this wallet went "All In" on a long position (primarily ETH) and was caught in the recent downturn.
๐ Context:
While Garrett Jin has denied owning the wallet, on-chain analysts have highlighted the connection via ENS domains. Regardless of ownership, this serves as a massive reminder of the risks in high-leverage trading.
๐ก The Lesson:
No one is bigger than the market. Leverage is a double-edged sword; even a legendary win streak can end in a total loss without strict risk management.
DYOR & Stay Safe. ๐ก๏ธ
