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Trader Suffers $1.635M Loss on $WLFI Position Due to FOMO Trading
Gate News bot message, A cryptocurrency whale has closed their $WLFI long position, resulting in a substantial loss of $1.635 million.
According to Onchain Lens, the trader had previously closed a $WLFI position with a $915K profit 15 hours earlier. Subsequently, the trader reopened a 3x leveraged long position on $WLFI, which led to an additional floating loss of $930K.
The incident serves as a documented case of FOMO-driven trading decisions in the cryptocurrency market.