Price Prediction
Crypto Trader Buys Wormhole with Leverage
A cryptocurrency trader who recently made a seven-figure profit on a Starknet (STRK) trade is now betting on another altcoin, Wormhole (W). The trader has opened a 5x leveraged position in Wormhole tokens, valued at approximately $643,000 at entry. The position is expected to generate significant unrealized profits, with W already up approximately 25% in the past 24 hours. As of the press time, Wormhole was trading at $0.02832, up 55% in the past 24 hours, and has gained 85% in the past week. The trader's 5x leverage amplifies both potential gains and losses, with a sustained rally expected to increase unrealized profits, while a sharp reversal could trigger liquidation. The STRK trade's reported $1.05 million profit remains unrealized, indicating it represents paper gains rather than confirmed realized profits.