South Korean Trader Nam Seok-hee Reduces Shitcoin Longs to 42, MYX Longs See $290,000 Unrealized Loss

BlockBeats News, September 14th, according to data from the Binance platform, South Korean trader NAMSEOKHEE reduced his meme coin long positions to 42. Profit-taking led to a drawdown, with his MYX long position showing an unrealized loss of $290,000. Currently, the 7-day return rate has dropped to 261%, with a total account profit of approximately $332,000.

Earlier reports mentioned that on September 8th, South Korean trader NAMSEOKHEE, who had previously gone long on 107 meme coins in a Binance futures contract and exited after a failed meme season bet, made a comeback. NAMSEOKHEE gradually opened 56 meme coin long contracts over the weekend to bet on the arrival of a new meme season. This operation reversed his overall position from loss to profit. This time, his strategy was more conservative compared to before: most meme coins had only $300 to $600 in margin, still using 20x leverage, with only a few meme coins that he was particularly bullish on having a margin of $2,500. He has been holding these positions without taking profits.