PANews reported on May 5 that according to @OnchainDataNerd monitoring, a whale address (starting with 0x0af) previously opened a 1x leveraged (i.e., unleveraged spot) long position of GRIFFIN at $0.249. Although it was not leveraged, due to the subsequent price drop, the position is still in a floating loss state, with a book loss of approximately $550,000.
The monitoring information also mentioned that when the price of GRIFFIN fell to $0.026, the floating loss of the position was as high as about $1 million. Even so, the whale address has not chosen to close the position so far, and continues to hold the long orders in the loss.
