This guy missed out on over $2M in profit on $PONS!
He spent just 0.25 $ETH ($610) to buy 19.98M $PONS, then sold it for 0.47 $ETH ($1,166), making only $556 in profit.
Those 19.98M $PONS are now worth $2.2M โ he missed out on over $2M in profit.
Crypto trading volume across major exchanges dropped by another $15 billion over the past week, reaching its lowest level in a year and down 70% from its January peak.
How did 24-year-old Leopold Aschenbrenner go from running a hedge fund with assets worth more than $20bn to ending up on the wrong side of a brutal market sell-off in recent weeks?
Wall Street banks have asked funds heavily concentrated in certain industries to provide additional collateral, highlighting the mounting fears about the scale of losses across several popular strategies.
Shares in SK Hynix and Samsung tumbled, pushing South Koreaโs Kospi down more than 10% and Tokyo sliding more than 4%.
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