An address went long on 5 with W x leverage, with a notional position value of 28880000 USD
BIBIBI
AT A GLANCE
According to monitoring, a newly created address 0x2f59 went long on W, with a notional value of 28880000 USD。
Article
🔍 On-Chain Detective | A whale goes long STRK profits exceeding 1000000 USD then goes long again W, with the position valued at 28880000 USD BlockBeats reports that October 12, according to Lookonchain monitoring, a newly created address 0x2f59 went long on STRK in a single day, with profits exceeding 1000000 USD, and is currently going long on W。
6 hours ago, it opened a 5 x leveraged long position on W, with a notional value of 28880000 USD.
Original link https://m.theblockbeats.info/flash/371266
Key points
01
BlockBeats stated that October 12, according to Lookonchain monitoring, a newly created address 0x2f59 went long on STRK in a single day, with profits exceeding 1000000 USD。
02
The address is currently going long on W。
03
6 hours ago, the address opened a position on 5 with a W x leveraged long position, with a notional value of 28880000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Going long” means betting that an asset’s price will rise; a “5 x leveraged long position” means that the position was established at 5 x scale. The material shows that the address previously profited from going long on STRK, and subsequently established a long position in W.
Why it matters to readers
This shows that an address established a large notional long position in W, but the material does not state whether the position remains open, nor can the overall market direction be determined from this alone.
Beginners can understand from this that a large position held by a single address is only market information and does not constitute a definitive price prediction.
Risks and unknowns
The material does not provide an independently verifiable on-chain transaction link.
It cannot be confirmed whether this W position is still being held.
It cannot be confirmed whether the position was subsequently reduced or closed.
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Related concepts
Going Long
A trader establishes a corresponding directional position in a contract in anticipation of the underlying asset’s price rising.
