2026-01-07 17:21:14

The Air Force has endured for so long, and $PIPPIN finally turned profitable. At first glance, it's quite inspiring, but a closer look at the position data reveals some interesting details.

Calculating based on leverage ratio, the funding costs alone could potentially swallow up 20 million U. Even more heartbreaking is that, even if this coin instantly goes to zero, the accumulated fee losses would be enough to offset this small profit. In other words, in a high-multiplier leverage track, sometimes traders' earnings are simply not enough to cover the transaction fees.

However, this trader is clearly not ordinary. It is said that besides the main platform, they are also opening positions on other exchanges, and the amount of funds controlled must be in the trillion U level. With this level of capital, one or two losses are simply nothing. This wave from loss to profit is truly worth applauding for such a "legendary player."

PIPPIN28.22%

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OnchainGossiper

· 8h ago

20 million U cost? Bro, you're playing with fire. Are you really just relying on the scale of funds to push through?

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GateUser-389169df

· 01-07 17:55

Hold on tight, we're about to take off 🛫

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InfraVibes

· 01-07 17:43

When you calculate the costs, the money earned isn't enough to fill the gap at all.

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StakeWhisperer

· 01-07 17:40

20 million in fees? That's the real cost, the small profit margin is hardly worth mentioning. --- Damn, a hundred billion U-level? This guy is playing a completely different game. --- Paying 20 million in funding fees and still smiling to make money, ordinary people would have gone bankrupt three times by now. --- It's outrageous, earning a profit but actually losing due to fees. Leverage really has no winners. --- Legendary player? I think this is legendary odds, just a slave to the fees. --- A scale of a hundred billion U is truly at will, just a warning story for retail investors like us. --- Laughing to death, looking at a turnaround is actually just struggling under the exchange's knife. --- This is what a vivid leverage trap teaching version looks like, just earning loneliness. --- With such a large fund size, you can win at anything. For us at this level, there's simply no comparison. --- Losing once or twice isn't a big deal? This mentality is truly on a different level.

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DeFiAlchemist

· 01-07 17:40

*adjusts alchemical instruments* the funding rate transmutation here is absolutely brutal... 20M in fees just evaporating into the ether while the trader celebrates a microscopic gain. this is what happens when you try to philosopher's stone your way through leverage hell, ngl

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