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Korean Trader Nam Seok-hee Reduces Sh*tcoin Longs to 42, MYX Longs Down $290,000
BlockBeats News, September 14th, according to Binance platform data, South Korean trader NAMSEOKHEE reduced the number of meme coin long positions to 42. The profit saw a retreat, with the MYX long position showing a floating loss of $290,000. Currently, the 7-day ROI has dropped to 261%, with a total account profit of approximately $332,000.
Previously reported, on September 8th, South Korean trader NAMSEOKHEE, who had previously simultaneously longed 107 meme coins on Binance Futures, exited after a failed meme season bet and has since returned. NAMSEOKHEE has opened 56 meme coin long contracts from last weekend to this morning, re-betting on the meme season's arrival. This operation has turned the overall position from a loss to a profit. This time, the strategy is more conservative than before: most meme coins are opened with a margin of only $300 to $600, still using a 20x cross margin mode, increasing the margin to $2,500 for only a few meme coins that are particularly bullish, and always holding positions without taking profits.
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