Trader 0xLeaf: Lost about 60 million in a month, all funds in the circle wiped out
Trader 0xLeaf stated that he is experiencing the darkest moment of his life, having lost around 60 million in the past month, with all funds in the circle wiped out. He will pause trading and contemplate his future.
This trader entered the crypto space around 2021, achieving multiple hundredfold profits through meme coins such as BOME, MOODENG, ACT, PNUT, and TRUMP. After the TRUMP wave, his CEX account once reached 6 million USD.
Under event-driven circumstances, high-leverage meme positions saw significant capital outflows, benefiting counterparties and market makers, while individual traders with concentrated positions faced pressure.
Source: Public information
ABAB AI Insight
0xLeaf entered the market in 2021 with small capital, initially accumulating through airdrop scripts and NFT whitelists, later shifting to high-volatility meme coin trading. His historical path is a typical example of small bets yielding large returns, achieving hundredfold returns multiple times from RACA to BOME, with a peak scale reaching over 100 million, but always relying on concentrated positions in a single direction rather than systematic risk control.
In terms of capital flow, after making profits, funds continuously flowed back into high-risk meme and spot leverage, motivated by the pursuit of excess returns to cover early losses and support those around him. However, he encountered concentrated pressure from counterparties in a single trade without stop-loss, leading to an instant liquidity drain.
Similar cases can be seen in the stories of anonymous whales collapsing during multiple meme waves from 2021 to 2024. Currently, individual traders are transitioning from excess returns in a bull market to risk exposure in a bear market, with concentrated holdings in high-volatility assets becoming a major vulnerability.
This essentially represents a transfer of pricing power: the meme market has shifted from being driven by retail sentiment to being dominated by professional counterparties. The mechanism is that the lack of stop-loss and position management turns individual funds into liquidity providers rather than pricing leaders.
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