WE-LaunchLD Capital Founder Responds to Selling Portion of ETH: Borrowed Leverage During Bull Market FOMO, Holding Spot to Wait for New Opportunities
BlockBeats News, July 16th, LD Capital founder Jack Yi responded to the "Trend Research Deposits 17,289 ETH into CEX, Worth Nearly $53 Million" incident on social media, stating, "During the bull market FOMO, go leverage lending to hold spot and wait for new opportunities."
Prior to this, the ETH Trend Research increased by LD Capital was leveraged 2 times: they borrowed around $270 million on Aave to purchase ETH. Their ETH's all-in cost is around $2,250, and now with ETH's price reaching $3,127, their 182,000 ETH unrealized gains have reached as high as $160 million.
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