coin-img-SOLSOL-0.17%coin-img-BTCBTC+0.10%coin-img-ETHETH+0.87%coin-img-HYPEHYPE+2.14%coin-img-XRPXRP+0.05%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE+0.61%coin-img-PENDLEPENDLE+12.87%coin-img-SOLSOL-0.17%coin-img-BTCBTC+0.10%coin-img-ETHETH+0.87%coin-img-HYPEHYPE+2.14%coin-img-XRPXRP+0.05%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE+0.61%coin-img-PENDLEPENDLE+12.87%coin-img-SOLSOL-0.17%coin-img-BTCBTC+0.10%coin-img-ETHETH+0.87%coin-img-HYPEHYPE+2.14%coin-img-XRPXRP+0.05%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE+0.61%coin-img-PENDLEPENDLE+12.87%coin-img-SOLSOL-0.17%coin-img-BTCBTC+0.10%coin-img-ETHETH+0.87%coin-img-HYPEHYPE+2.14%coin-img-XRPXRP+0.05%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE+0.61%coin-img-PENDLEPENDLE+12.87%

Trader 'Maji' Narrows 10-Month Losses to $24M After $11M Gain on ETH Long

AI Market Summary
On-chain data indicating trader "Maji" realized ~$11M profit on an ETH long after scaling exposure during a sharp rally highlights active risk-taking and leverage usage. While the headline underscores speculative positioning (12x leverage) across ETH, BTC, HYPE and PUMP, it is idiosyncratic rather than systemic. Near-term impact is mainly sentiment and positioning context for ETH derivatives, not a broad market driver.
Impact level
● Low
Affected assets
ETH/USDT+1.04%
AI Insight · ETH/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
PANews, Aug. 24 — Onchain analyst Yujin said trader 'Maji' ramped up an ETH long during last week's sharp one-way rally, scaling the position from $150,000 to $11.15 million and locking in about $11 million in profit. Maji had logged roughly $35 million in losses from ETH long trades over the past 10 months; the latest win cuts the cumulative net loss to $24 million. The trader currently holds $129 million in long exposure across ETH, BTC, HYPE and PUMP, with overall leverage at 12x.
ETH
ETH+1.12%
BTC
BTC+0.19%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.