Try Quests to earn APTHere are the top traders by volume on Merkle. Merkle is the leading perps protocol on Aptos.
Let's zero in on the top dog: 0x2c2...defe, whom we will refer to as "defe".
Defe has opened more than $625 million perps positions on Merkle. This represents nearly 10% of all positions opened on the platform.
Our mega whale "defe" is not too keen on shorts. This top trader prefers to open long positions.
defe is a Forex expert, generating most of their volume trading the Japanese Yen.
Our top trader is not scared of using leverage, averaging 89x per trade. However, let's keep in mind that Merkle allows up to 1000x leverage on Forex.
Defe's average position size is $81k, and they have placed over 7,500 trades so far. defe's first trade on Merkle was on March 25, 2024.
While defe is a massive whale by volume, that doesn't mean they generate equally massive profits. defe's 3 most profitable trades are lackluster, with profits of $257, $103, and $28.
Our trader is currently in the red, with total losses amounting to $8,288. Their average trade generates a loss of $0.54.
In summary, “defe” stands out as Merkle’s top trader by volume, with a staggering $625 million in perps positions, representing nearly 10% of all positions on the platform.
Despite their preference for long positions and expertise in Forex trading, particularly the Japanese Yen, “defe” has faced significant challenges. With an average leverage of 89x and an average position size of $81k, “defe” has placed over 7,500 trades since March 25, 2024.
However, their profitability has been underwhelming, with their top three trades yielding modest profits and an overall loss of $8,288. This highlights the volatile and unpredictable nature of leverage trading.