OSF
Idk why but after everything was liquidated last night and the Morpho holding dropped close to 0,...
172 days agoOSFosf_rekt
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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A wallet (0x2dC8C4c4aF4BBBae618e968065F8671766097a73) that was recently liquidated on Morpho has aggressively re-leveraged into $REKT, using newly purchased $REKT as collateral to borrow USDS and then buying more $REKT. This extreme risk-taking suggests a highly speculative or potentially manipulative play, possibly by a "degen" investor or someone with an undisclosed short position elsewhere. Investors should be aware of this high-leverage activity and the inherent volatility in $REKT.

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By osf_rekt

CEO & Co-Founder @RektDrinks // $REKT