It was yesterday on X i knew that people truly have plenty of money to waste on this space, imagine losing $1 Million on $BTC future just in a week
This was supposed to be $100 million. He managed to turn $4 million into the $100 million and lost it all in that trading activity
The dude is in net profit from trading, he only used a much higher leverage on that trade and somewhat got liquidated.
Adding to this, he's gone long on PEPE with $12 million only hours after loosing the said $100 million
Thanks for the extra insights into the case. I was wondering if a rich guy lost $100 million but clearly this is someone who knows trading if he turned $4m into $100m and then lost it, which is unfortunate but quite possibly he will make it back again.
I am not a fan of such high variance trading where you blow up your bankroll so fast or make it 25x but perhaps this is how some traders operate. Also as you said he went again with $12m so clearly this $100m is not all the money he had and probably has a ton more to risk.
Insane stories these but clearly the guy knows his thing!