A Certain Whale Suspected of Positioning Early in W, Adding to Holdings on the Eve of a Surge to Gain $1.85 Million

BlockBeats news, October 12, according to TradingBeats monitoring, W is temporarily reported at $0.02929, up about 66.3% in 24 hours, contract trading volume about $24.32 million, open interest notional amount about $31.08 million.

A large long position had already bought W from a short position in the early morning of September 29, spending about $201,300; on the evening of October 10, the account suddenly added about 10.4511 million tokens, with a transaction value of about $183,600 (0x8be0...), and then W surged sharply on the evening of the 11th.

Currently, it still holds about 63.4056 million W long positions with 5x leverage, worth about $1.857 million, with an average entry price of about $0.014509, unrealized profit of about $937,000, and a return rate of about 509%.

After the rise, the account has begun to take profits. In the past hour, it has continuously reduced about 3.274 million W, with a transaction value of about $90,300, realizing a profit of about $42,800, excluding fees and funding costs. Currently, no W pending orders remain.

Two other low-cost long positions still hold relatively large positions and have not yet taken profits:

- About $1.524 million long position: holds 52.0315 million tokens, average price about $0.013470, unrealized profit about $823,000 (0x0121...).

- About $1.465 million long position: holds 50 million tokens, average price about $0.011436, unrealized profit about $893,000 (0xeadc...).

The three early holders collectively hold long positions of about $4.846 million, with unrealized profit of about $2.653 million.