Korean Trader Nam Seok-hee Reduces Sh*tcoin Longs to 42, MYX Longs Down $290,000

By: theblockbeats.news|2025/09/14 15:32:55

BlockBeats News, September 14th, according to Binance platform data, South Korean trader NAMSEOKHEE reduced the number of meme coin long positions to 42. The profit saw a retreat, with the MYX long position showing a floating loss of $290,000. Currently, the 7-day ROI has dropped to 261%, with a total account profit of approximately $332,000.

Previously reported, on September 8th, South Korean trader NAMSEOKHEE, who had previously simultaneously longed 107 meme coins on Binance Futures, exited after a failed meme season bet and has since returned. NAMSEOKHEE has opened 56 meme coin long contracts from last weekend to this morning, re-betting on the meme season's arrival. This operation has turned the overall position from a loss to a profit. This time, the strategy is more conservative than before: most meme coins are opened with a margin of only $300 to $600, still using a 20x cross margin mode, increasing the margin to $2,500 for only a few meme coins that are particularly bullish, and always holding positions without taking profits.

-- Price

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...

Legendary investor Naval: Apple is dead, SaaS will follow suit, and entrepreneurs have 18 months to reshape their moats

"You can continue to hold Apple stock. Just don't expect that what you hold is stock in a growth company."

Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions

The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...