TST Whale’s 3x Leveraged Long Shows Over $1.21 Million Unrealized Profit

According to Lookonchain, a whale’s newly created wallet opened a $2.05 million 3x leveraged long on 133.59 million TST, which later showed more than $1.21 million in unrealized profit as the token rose.

Summary

According to Lookonchain (blockchain analytics platform), a whale opened a $2.05 million 3x leveraged long position in TST involving 133.59 million tokens through a newly created wallet. As TST’s price rose, the open position later showed more than $1.21 million in unrealized profit. The gain remains on paper until the trade is closed, and because the position uses leverage, both potential profits and losses are amplified.

Terms & Concepts
  • leveraged long: A trade that uses borrowed funds to increase exposure to an asset while betting its price will rise, magnifying both potential gains and losses.
  • unrealized profit: Paper gains based on the current market price that have not been locked in because the position remains open.
  • whale: A market participant with very large holdings or trading size whose transactions can attract attention and influence sentiment or liquidity.