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Machi Closes Profitable PUMP Long, Opens New 10x Position
The trader realized $827,000 from the closed trade before opening a new long tied to 900 million PUMP tokens valued at $5.26 million.
A whale-linked trader identified as Machi closed a profitable leveraged long in PUMP and opened a new 10x long worth $5.26 million.
The completed trade generated an $827,000 profit. Machi subsequently opened a new 10x leveraged long covering 900 million PUMP tokens.
The new position uses 10x leverage, meaning the trade’s exposure is amplified relative to the capital posted. Losses can also build more quickly when leverage is used.
The transactions show a shift from realizing gains on an earlier PUMP position to maintaining a new leveraged bullish exposure to the token.
