This Altcoin Surged 100%: Six Wallets’ Long Positions Near $950,000 in Profit!

As LUMIA recently surged 100%, the combined unrealized profit on three-times leveraged long positions opened by six wallets on Aster DEX reached approximately $949,000.

According to data shared by Lookonchain, the bullish positions opened by these wallets total 11.7 million LUMIA. The positions were reported to be worth approximately $1.9 million, while the increase in the token’s price also drew attention to their profit figures.

Six wallets took bullish positions

The wallets opened long positions on the decentralized derivatives trading platform Aster DEX, using 3x leverage. A long position is a type of trade in which an investor aims to profit from a price increase.

The shared data put the six wallets’ combined profit at approximately $949,000. This amount is not yet a realized gain from closing the positions; it represents the unrealized profit on the open trades at the time of the post.

Highest return exceeded 160%

Among the positions reviewed, the highest return exceeded 160%. Alongside LUMIA’s recent 100% price increase, this figure shows how returns on leveraged trades can differ from the token’s price change.

Leverage can amplify gains when the price moves in the direction an investor expects, but it can also increase losses and liquidation risk when prices move the other way.