Maji Dage Dey Open 5× Leverage for PUMP/HYPE Wit $5.7M Loss
Onchain Lens yan report for X say crypto whale Maji Dage don open 5× leverage long positions again for PUMP and HYPE tokens. The trader sef hold ETH for 25× leverage and BTC for 40× leverage. These kind high-risk leverage trade positions don cause unrealised loss of $5.7 million. Maji Dage action dey show say market dey get more volatile and liquidation risk dey increase. Traders suppose dey watch leverage levels well well and prepare in case price go shake well well because of forced liquidations if these positions no go well for am.
Bearish
High-leverage positions dey amplify risk and fit trigger quick market movements. Maji Dage reopen 5× leverage for PUMP and HYPE, plus 25× for ETH and 40× for BTC don already cause $5.7 million unrealized loss. For past times, similar whale-driven leverage trades don lead to cascade liquidations and heavy sell-offs when market turn adverse (like the 2021 ETH crash after Curve DAO concentration). For short term, these big, concentrated positions dey raise chance of forced liquidations wey fit worsen downward pressure across crypto markets. For long term, traders fit dey more cautious about high-leverage strategies, fit reduce overall leverage levels but also increase volatility around major liquidation events.