Wu Blockchain (@WuBlockchain): Decentralized derivatives platform Lighter posted on X that a recent whale attempt to squeeze ARC longs failed. Lighter said the trader built an outsi…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- ARC-30Negative
Decentralized derivatives platform Lighter posted on X that a recent whale attempt to squeeze ARC longs failed. Lighter said the trader built an outsized long position relative to market size, with around 600 other traders and market makers taking the other side on the platform, pushing open interest to $50 million USDC. The whale ultimately lost about $8.2 million USDC, while LLP losses were limited to around $75,000 USDC and short-side traders who took risk made profits. https://x.com/Lighter_xyz/status/2026823844007391487?s=20