On-chain trader sits $402K underwater on a $1.96M leveraged $MEGA long.

Wallet 0xcc15 opened a 1x leveraged long on 11.96 million $MEGA tokens — a position worth roughly $1.96 million at entry — and is currently nursing an unrealised loss of $402K as the token trades below the entry price.

At 1x leverage the position isn't at immediate liquidation risk, but a $402K drawdown on a sub-$2M notional represents a loss of more than 20% from entry. It's a reminder that even modest leverage on lower-cap tokens can produce significant dollar-denominated pain during soft price action.

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