Famous Trader Rakes in $951k in DEX Perpetual Trading In a Week – He Is Now Long On These 3 Coins
In a recent revelation by a leading crypto analyst on Twitter, Lookonchain, a well known trader Andrew Kang has demonstrated an impressive performance in perpetual trading over the past week. Kang, who goes by the handle @Rewkang on Twitter, has reportedly made a substantial profit of $921K on two platforms, Mux Protocol and GMX.IO.
Over the course of seven days, Kang executed a total of 19 trades, 13 of which turned out to be profitable, earning him $951K. However, he also experienced losses amounting to $30K in 6 trades, bringing his net earnings to $921K. This translates to a commendable win rate of 68%.
In addition to his recent trading success, Kang is currently holding long positions in Bitcoin ($BTC), Ethereum ($ETH), and Arbitrum ($ARB). His trading activities can be tracked on the Mux Protocol leaderboard.
This report underscores the potential profitability of perpetual trading when executed with skill and precision. It also highlights the importance of diversification in crypto trading, as evidenced by Kang’s investment in multiple cryptocurrencies.
