The founder of LD Capital responds to the selling of part of their ETH: Borrowing leverage during a bull run Fomo, holding Spot for new opportunities.

robot
Abstract generation in progress

On July 16, Jack Yi, the founder of LD Capital, responded on social media to the incident where "Trend Research deposited 17,289 ETH into CEX, worth nearly 53 million dollars." He stated, "During a bull run FOMO, it's best to borrow leverage to hold Spot and wait for new opportunities." Previously, the ETH acquired by Trend Research under LD Capital had 2x leverage: they borrowed about 270 million dollars from Aave to purchase ETH. Their comprehensive cost for ETH was around 2250 dollars, and now with the ETH price at 3127 dollars, their unrealized gains on 182,000 ETH have reached 160 million dollars.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)