W After the surge, a whale continued reducing its position and still held approximately 1857000 USD in long positions

AT A GLANCE

W 24 hours, up approximately 66.3%, and a 5 x-leverage long position had reduced its position, while the other two low-cost long positions had not yet taken profits.

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🔍 On-Chain Detective | A Whale Suspected of Positioning Early W, adding to its Yingda position on the eve of a surge 1850000 USD BlockBeats reports that October 12, according to TradingBeats monitoring,W is currently reported at 0.02929 USD，24 hours, up approximately 66.3%, with futures trading volume of approximately 24320000 USD, and a notional open interest of approximately 31080000 USD.

A large long position had already bought September 29 early in the morning after starting from a short position,W, spending approximately 201300 USD；October 10 that evening, the account abruptly added approximately 10451100 units, with trades totaling approximately 183600 USD（0x8be0…), after which W rose sharply on the evening of 11.

It currently still holds approximately 5 x leverage, approximately 63405600 units of W long positions, worth approximately 1857000 USD, with an average entry price of approximately 0.014509 USD, an unrealized profit of approximately 937000 USD, and a return of approximately 509%.

After the rise, the account has begun taking profits. Over the past 1 hours, it has continuously reduced its position by approximately 3274000 units of W, with trades totaling approximately 90300 USD, realizing approximately 42800 USD in profit, excluding fees and funding costs. It currently has no W limit orders remaining.

Two other low-cost long positions still hold substantial positions and have not yet taken profits:

- Approximately 1524000 USD long position: holding 52031500 units, with an average price of approximately 0.013470 USD, and an unrealized profit of approximately 823000 USD（0x0121…).

- Approximately 1465000 USD long position: holding 50000000 units, with an average price of approximately 0.011436 USD, and an unrealized profit of approximately 893000 USD（0xeadc…).

The three early holders collectively hold approximately 4846000 USD in long positions, with unrealized profits of approximately 2653000 USD.

Original link https://m.theblockbeats.info/flash/371288

Key points

According to the TradingBeats monitoring cited in the article,W is currently reported at 0.02929 USD，24 hours, up approximately 66.3%。
The article states that W futures trading volume was approximately 24320000 USD, and notional open interest was approximately 31080000 USD。
A large long position, at September 29 early in the morning, bought W, spending approximately 201300 USD；October 10 that evening, added approximately 10451100 units, with trades totaling approximately 183600 USD。
The article states that the account still holds approximately 5 x leverage and approximately 63405600 units of W long positions, worth approximately 1857000 USD, with an average entry price of approximately 0.014509 USD, an unrealized profit of approximately 937000 USD, and a return of approximately 509%。
Over the past 1 hours, the account reduced its position by approximately 3274000 units W, with trades totaling approximately 90300 USD, realizing approximately 42800 USD in profit, excluding fees and funding costs.
Two other low-cost long positions held approximately 52031500 units and 50000000 units W, respectively; the article states that they have not yet taken profits.
The article states that the three collectively held approximately 4846000 USD in long positions, with unrealized profits of approximately 2653000 USD。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This content describes three large long positions during a rapid rise in the price of W. One account used 5 x leverage, had substantial unrealized profits, and had sold part of its position to realize profits; the other two accounts still held substantial positions. “Unrealized profit” is the unrealized return calculated based on the current price; it becomes realized profit only after closing the position.

Why it matters to readers

The large account’s position reduction and remaining position warrant attention, because concentrated selling could affect short-term trading supply and demand; 5 x leverage also means that losses could be amplified if prices move against the position. The original text does not prove that these positions will necessarily continue to be reduced, nor does it prove that their trading affected W’s rise.

Beginners should not view a large account’s high unrealized profit as a copy-trading signal. Leverage amplifies both gains and losses, and the profit data in the article is primarily unrealized profit that has not yet been fully realized.

Risks and unknowns

The provided material does not include complete independently verifiable addresses, trading records, or price data.
“Suspected early positioning” is an inference; the original text does not prove that the account knew in advance that the price would rise.
The original text does not specify the full project name of W or the identities of the holders of these accounts.

W After the surge, a whale continued reducing its position and still held approximately 1857000 USD in long positions

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