Recent on-chain data tracking shows that a trader initiated a large leveraged position about 2 hours ago. This participant used 10x leverage to simultaneously position in two popular coins, with quite aggressive moves.

The long position on FARTCOIN is substantial—19.75 million coins, worth approximately $7.76 million. To put it another way, this is already a significant amount of capital invested. Meanwhile, the PUMP position is even more outrageous, with a holding of 2 billion coins, with a market value close to $4.77 million.

Both coins are being added to and leveraged simultaneously, a trading logic that usually reflects the trader's bullish outlook on the recent market trend. However, the risks associated with high leverage are also obvious—any adverse movement could quickly trigger stop-losses. Such large on-chain actions are often key signals that market participants pay close attention to.