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Shocking! A top trader on a major exchange's futures profit leaderboard has also fallen. On January 4th last year, the astonishing trading record of 0xPickleCati suddenly posted a rant, complaining that their Meme coin holdings in their account were completely trapped, and despite the rising gains, they couldn't turn the situation around. They decided to accept the loss and pay tuition.
This guy is not a small retail investor, with a total profit exceeding $47.21 million. He used 4x leverage to go long on BTC and 5x leverage to go long on ETH. The floating profit alone amounts to 2.37 BTC and 105.54 ETH. The ledger is all green, but in reality, Meme coins have caused trouble—truly ironic.
Speaking of which, this also shows how ruthless the world of futures trading can be. Leverage is like a double-edged sword; it can amplify gains ten or a hundred times, but it can also double losses. When the market suddenly turns, even seasoned veterans who have been trading for years and experienced countless waves have to bow their heads. That brother might really be struggling with his mindset this time—after earning so much, he's now humiliated over a Meme coin.
Do you think he's truly given up completely, or is he brewing some big move? Share in the comments your most ridiculous trapped story in the crypto world.