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A trader’s 1x short position on ESPORTS generated $5.6 million in unrealized profit in one week.

2 hours ago

According to on-chain analytics firm Lookonchain, a trader created a new wallet one week ago and deposited $3.9 million into it. The trader then opened a 1x leveraged short position of 139.58 million ESPORTS tokens at an entry price of approximately $0.07, with a nominal value of around $9.44 million. As of now, the unrealized profit on this position has reached roughly $5.6 million.

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