Whale Takes New Position with LDO Using Leverage

On May 11, a whale who previously profited $2.27 million from a long position in APE has taken a new leveraged position in LDO, according to BlockBeats On-chain Detection. The whale utilized a 5x leverage to long 8.69 million LDO tokens. The value of this new position is approximately $3.72 million. Previously, the same whale incurred a loss of around $194,000 from a long position in LDO.