Trader suffers $2 million loss trading this hot crypto

A crypto trader has recorded nearly $2 million in realized losses after placing a series of aggressive long positions on Monad’s newly launched MON token. The losses, amounting to about $1.9 million, came within hours of trading as MON experienced violent price swings during its debut on secondary markets, according to the latest on-chain data retrieved by Finbold from Lookonchain on November 30. Trade records show a chain of liquidations and forced exits, including a single liquidation that wiped out more than $963,000 source: https://finbold.com/trader-suffers-2-million-loss-trading-this-hot-crypto/