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LD Capital Founder Responds to Selling Part of ETH: Borrowing Leverage in Bull Market Fomo, Holding Spot to Wait for New Opportunities
Summary: In response to reports, LD Capital founder JackYi posted on social media regarding Trend Research depositing 17,289 ETH worth nearly $53 million into a CEX, stating that in a bull market Fomo, borrowing leverage to hold spot and wait for new opportunities. Prior to this, Trend Research under LD Capital increased their ETH holdings with ...
In response to reports, LD Capital founder JackYi posted on social media regarding Trend Research depositing 17,289 ETH worth nearly $53 million into a CEX, stating that in a bull market Fomo, borrowing leverage to hold spot and wait for new opportunities.
Prior to this, Trend Research under LD Capital increased their ETH holdings with 2x leverage: borrowing around $270 million from Aave to purchase ETH. Their ETH average cost is around $2250, and with the current ETH price at $3127, their 182,000 ETH holdings have a floating profit of up to $160 million.
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Link: LD Capital Founder Responds to Selling Part of ETH: Borrowing Leverage in Bull Market Fomo, Holding Spot to Wait for New Opportunities [Copy]
