On-chain data shows that a newly established wallet has been very active recently. It first deposited $5 million USDC into a major derivatives trading platform, then opened a 5x leveraged long position on LINK, and also took a 10x leveraged position on DOGE. These actions seem quite aggressive.

Currently, the total position size of this wallet has expanded to $28.2 million, but things haven't gone smoothly — as of the reporting time, the overall unrealized loss is about $600,000. This is an interesting case, demonstrating both market participants' optimism about these two tokens and the risk exposure under high leverage environments. Leveraged trading has always been a double-edged sword, with returns and risks often going hand in hand.