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Machi books $827,000 profit, opens new 10x PUMP long

  • Machi closed a PUMP long position and opened another leveraged long trade.
  • $827,000 was recorded as profit from the closed position nine hours earlier.
  • 900 million PUMP tokens worth $5.26 million backed the new 10x position.

Machi, identified as Huang Licheng, closed a PUMP long position nine hours before the report and made $827,000. He then opened a new long position in 900 million PUMP tokens, worth $5.26 million, using 10x leverage. A leveraged long position (a bet on rising prices using borrowed exposure) magnifies both potential gains and losses.

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