long position

  • Andrew Kang Holds $8.26 Million Long Position on GMX Platform

    On March 15, it was reported that Andrew Kang (0xe8c19db00287e3536075114b2576c70773e039bd), founder of the derivatives agreement GMX platform Giant Whale and Mechanism Capital, currently holds a long position with a net worth of approximately $8.26 million on the platform, and the collateral value at the time of opening is approximately $6.4 million. Andrew Kang currently holds a long position of over $8.26 million in GMX Analysis based on this information:Andrew Kang, the founder of derivatives agreement platform Giant Whale and co-founder of investment fund Mechanism Capital, was reported to have a long position on the GMX platform worth $8.26 million as of March 15. This means that Kang is betting on the value of an asset, likely a cryptocurrency, to increase in price over time. The collateral value at the time of opening this position was approximately $6.4 million, indicating that Kang likely utilized some form of collateral to secure his position. The GMX platform allows traders to enter into long…

    03/15/2023
    122