DeGods Founder Frank clarifies: Main perpetual futures wallet has not yet achieved overall profitability
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AT A GLANCE
Frank said that his main perpetual futures wallet has not yet achieved overall profitability, with most of the funds coming from on-chain trading during various market cycles.
Article
DeGods Founder Frank clarifies: Main perpetual futures wallet has not yet achieved overall profitability
PANews October 25 reported that DeGods Founder and renowned trader Frank posted on X in response to the community calling him the “best trader,” saying that this title was inappropriate. He also clarified that his main perpetual futures wallet has still not achieved overall profitability, and that most of the funds he has earned to date came from on-chain trading during various market cycles. Previously, Frank briefly surpassed Bonk Guy to rank first in cumulative PnL rankings on the fomo platform, attracting community attention, but Bonk Guy has now overtaken him again.
PANews reported that October 25 Frank responded on X to the community calling him the “best trader.”
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Frank said that the title “best trader” was inappropriate.
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Frank said that his main perpetual futures wallet has still not achieved overall profitability.
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Frank said that most of the funds he has earned to date came from on-chain trading during various market cycles.
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The report said that Frank briefly surpassed Bonk Guy to rank first in cumulative PnL rankings on the fomo platform, but Bonk Guy has now overtaken him again.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news distinguishes between two types of trading performance: Frank said that the wallet he primarily uses for perpetual futures trading has not yet made an overall profit; most of the funds he earned in the past came from on-chain trading during different market cycles. Therefore, ranking near the top in a platform’s period-specific PnL rankings does not mean that his main perpetual futures wallet has achieved overall profitability.
Why it matters to readers
This clarification reminds readers that a trader’s overall profitability should not be judged solely by a title or platform ranking; different wallets, trading types, and statistical methodologies may produce different results.
Beginners should note that PnL rankings usually reflect a specific platform and statistical scope. They cannot automatically represent a person’s complete trading performance and should not be used alone as a basis for copy trading.
Risks and unknowns
The report did not provide a direct link to Frank’s original X post.
The original text did not provide the address of the main perpetual futures wallet or complete profit data, so the relevant profitability cannot be independently verified.
The original text did not specify the methodology or time range used for the fomo platform’s PnL rankings.
The original text only says “October 25” and does not specify the reporting year.
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Related concepts
Perpetual Contract
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
