2026-01-08 05:21:26

A whale address has recently suffered significant losses during the market downturn. On January 8th, this major holder's positions in FARTCOIN and PUMP (both leveraged 10x long positions) experienced partial liquidations, and their BTC long position was completely wiped out, resulting in a loss of approximately $1.69 million.

What’s even more heartbreaking is the speed of the account’s change—within two days, it went from earning $5.8 million to losing $1.87 million. Even more frustrating is that this whale is still holding onto long positions in FARTCOIN and PUMP, with unrealized losses piling up to $747,000, and it’s on the verge of triggering another liquidation.

What does this case illustrate? How dangerous high leverage can be during highly volatile market conditions. The turning point from profit to massive loss in an account often happens in an instant, and emphasizing the importance of risk management is never too much.

FARTCOIN1.85%

PUMP4.26%

BTC0.39%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

22 Likes

Reward
22
5
Repost
Share

Comment

0/400

TopBuyerForever

· 01-08 16:15

5.8 million instantly gone, which is why I never touch 10x leverage. Making money fast means losing it faster. Even whales can't handle it, let alone us. In just two days, a story of sudden wealth and sudden poverty played out, making my scalp tingle. If you can't hold onto your positions, don't play with leverage. Honestly, this guy was greedy. Still stubbornly holding onto FARTCOIN? Seems like his account isn't cold enough yet. Why do some people always think they're the ones who won't get liquidated? Next time I see someone bragging about getting rich with leverage, I'll show them this case.

View OriginalReply0

ChainProspector

· 01-08 10:53

Playing this shitcoin with 10x leverage, honestly, it's like gambling with your life. Losing 1.87 million in two days must be incredibly despairing. --- Made 5.8 million, then lost it all in two days. This is the consequence of not cutting losses. I don't understand how this guy still has the courage to hold on. --- Leverage is truly a double-edged sword. When the market reverses, you can go from paradise to hell in an instant. It's fucking crazy. --- Does this guy still dare to hold FARTCOIN? The liquidation line is coming again. I'm exhausted just watching him. --- Playing altcoins with 10x leverage, this isn't investing—it's a gambler's mentality. It should fall. --- From profit to loss in an instant. Leverage can really drive people crazy... I’ve learned my lesson. --- Floating loss of 747,000, still holding on. Seems like he hasn't lost enough yet. --- Honestly, seeing this kind of account fluctuation is terrifying. Leverage really shouldn't be something to be greedy about.

View OriginalReply0

0xSunnyDay

· 01-08 05:49

That's why I never touch 10x leverage, really playing with fire. Leverage is so risky that a quick correction can wipe you out, better to play it safe. Losing 5.8 million instantly to negative equity, how崩 this mentality must be. Greed harms people, how difficult it is to take profits when you see gains. Not cutting losses will really lead to repeated liquidations, this whale is in a tough spot. High leverage is just a gambler's game, I prefer to stick to honest trading. Two days from heaven to hell, this is the crypto market. Still daring to hold on, truly a brave warrior. Currently still holding a floating loss of 747,000 and persisting, must be crazy. This huge loss this time taught him what risk management really means.

View OriginalReply0

WenMoon

· 01-08 05:45

Leverage of 10x is really a poison. Losing an account in a second is no joke. Greed is the original sin. Going from 5.8 million to -1.87 million, it's gone just like that. Time to reflect. This guy is still stubbornly holding onto FARTCOIN and PUMP. Truly not seeing the coffin, no tears shed. Stop-loss is always the first lesson. Unfortunately, some people have to pay tuition. Floating loss of 747,000 and still gambling. I would have exited early. The market turns just once and everything's gone. This is the result of 10x leverage. People who don't set stop-losses will eventually be educated by the market. This lesson is a bit costly. Nearly 4 million USD just gone like that. Looking again, I still think this guy is a bit brave... or maybe just over brave.

View OriginalReply0

CountdownToBroke

· 01-08 05:42

Really incredible. Playing with 10x leverage on this thing, earning 5.8 million in two days and then immediately losing 1.87 million. How strong must your mentality be? It's a momentary thing. Leverage is truly a double-edged sword; if you're not careful, it could be a permanent goodbye. Still stubbornly holding onto FARTCOIN and PUMP, with unrealized losses of 740,000 and still pushing upward. Are you trying to forcibly trigger the liquidation line?

View OriginalReply0