A major whale simultaneously opened long and short positions on TRUMP, incurring a total loss of $472,000

According to on-chain analyst Ai Yi, whale Ogle has accumulated a loss of $472,000 on TRUMP. Previously, the account held 1.35 million USDC, but now only $866,000 remains. On June 6, after opening a 10x short position on TRUMP, Eric announced a partnership between TRUMP and WLFI, causing the token price to surge and forcing Ogle to close the position at a loss, resulting in an $186,000 loss.
On June 7, Ogle reversed course and opened a 4x long position on TRUMP, which is currently showing an unrealized loss of $280,000. The entry price was $10.29, with a liquidation price of $6.77, and the position size is $2.78 million.