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Machi Bets on Meme Tokens $PUMP and $HYPE with High Leverage

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by Giorgi Kostiuk

2 hours ago

Famed crypto trader Machi has returned to the market, opening new long positions in meme tokens $PUMP and $HYPE while facing risks.

Machi Bets on Meme Tokens

Machi is opening new positions in $PUMP and $HYPE amidst the renewed interest in meme tokens from retail traders. These tokens attract speculators due to their volatility and high liquidity.

Risks of High Leverage

Machi is using 25x leverage on Ethereum and 40x on Bitcoin, which can lead to significant potential losses or profits with even the smallest price movements. The high level of leverage makes him vulnerable to liquidation should the market turn against him.

Overall Conclusions

Machi’s investments in meme tokens spark discussions within the community, while his larger positions in Bitcoin and Ethereum reflect the high risks and opportunities they represent.

Thus, Machi's return to trading with meme tokens and his sustained large positions in Bitcoin and Ethereum highlight his willingness to embrace risks and explore new strategies in the rapidly evolving crypto market.

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