The repeatedly defeated whale is adding to its altcoin holdings again, with a three-coin portfolio showing a floating profit of $124,000.

A whale account labeled “30 consecutive long positions repeatedly failed” remains active today. According to on-chain data monitoring, despite experiencing a maximum drawdown of 1.29% over the past week, it has not stopped its attack but instead continues to increase its long positions in altcoins. Currently, the account has an overall unrealized profit of $124,000, but the risk structure behind this figure warrants attention.

Position Structure Breakdown

This whale currently holds three altcoin positions, with a total position size of approximately $5.77 million:

Profit Source Is Single

From the data, the $124,000 unrealized profit almost entirely comes from the $178,000 gain on the FET position. FET is a relatively well-known AI proxy coin, and this whale is long on FET with 5x leverage, currently in profit.

The other two positions, however, are in unrealized loss: SEI and FARTCOIN are respectively down $13,000 and $41,000. This indicates that even a repeatedly unsuccessful whale has differentiated coin-picking ability—correctly betting on FET but wrong on the other two.

Leverage Configuration as a Risk Signal

It’s noteworthy that this account uses 10x leverage on SEI and FARTCOIN, but only 5x on FET. This configuration logic is somewhat counterintuitive—usually, we would apply higher leverage to positions we are more confident in.

The combination of high leverage with altcoins amplifies volatility risk. Price swings in SEI and FARTCOIN tend to be more intense than in FET. Under 10x leverage, any rapid decline in these coins could quickly wipe out the account’s gains.

Whale’s Trading Characteristics

Persistence and Tenacity

This account is tagged by monitoring agencies as “30 consecutive long positions repeatedly failed,” indicating it is a frequently traded account that has experienced multiple failures but continues to attack. Its continued accumulation of altcoins today shows that this persistent trait remains unchanged.

Such accounts usually fall into two categories: one, a firm belief in a certain trading logic (e.g., bullish on altcoin season), or two, driven by gambler psychology to keep adding positions. From the $178,000 profit on FET, at least in this round of altcoin market, this whale’s judgment has paid off.

Implication of Continued Accumulation

After experiencing the maximum drawdown in the past week, this account’s decision to continue adding positions rather than hold or reduce indicates a relatively optimistic outlook on the current market. This may reflect:

• The whale believes the upward cycle of altcoins is not over
• The account has confidence in its current unrealized profits and is willing to increase risk
• There may be some gambling psychology involved, aiming to expand gains while in profit

Follow-up Observation Points

Such repeatedly unsuccessful whale accounts often serve as market indicators. If this account continues to maintain a bullish stance on altcoins, it could suggest market confidence in small-cap coins remains; conversely, if it starts closing positions or turns bearish, it may signal a turning point in the altcoin market.

At the same time, the presence of high-leverage positions also means risks could erupt at any moment. Any rapid decline could trigger forced liquidations, further accelerating market downturns.

Summary

This whale’s latest activity reveals an interesting phenomenon: persistence in attacking altcoins despite repeated failures. The current unrealized profit of $124,000 looks good, but this figure heavily depends on FET’s performance, while the losses in SEI and FARTCOIN and the high leverage setup imply significant risks. The future trajectory of this account warrants ongoing attention—it may signal further development in the altcoin market or become a case of high-leverage liquidation.