Aster News Today: Whale Gains on $52M ASTER Short Amidst Market Swings and Heightened Liquidation Threats
- A crypto whale executed a $52.94M 3x short on ASTER at $1.208, now showing $1.2M unrealized profit after market swings. - The whale's diversified short portfolio includes DOGE, ETH, XRP, and PEPE, totaling $7.86M in unrealized gains across leveraged positions. - Solana-based DEX Pacifica, offering 3x leverage, reported $28B 30-day volume, reflecting growing demand for leveraged crypto trading tools. - Strategic timing around Binance CEO CZ's ASTER comments and liquidation risks above $1.8085 highlight vo
A large investor has taken a significant short position on
This ASTER short is part of a wider trend in leveraged trading, underscored by the introduction of pre-market perpetual contracts for Monad (MON) on the Solana-based DEX Pacifica, which offers up to 3x leverage, as detailed in a
The whale’s ASTER position also highlights the heightened volatility within the crypto market. The trade began four days before a major price movement—likely linked to public comments from Binance CEO CZ about ASTER—and was increased by another 24.41 million tokens following CZ’s statements, according to LookOnChain. This sequence suggests the investor took advantage of changing market sentiment, a frequent tactic in leveraged short selling.
Although the ASTER short could be liquidated if the token’s price exceeds $1.8085, the whale’s diversified short strategy and well-timed moves point to a deliberate plan. At the same time, platforms like Pacifica are making such high-leverage trades more accessible, potentially intensifying price volatility as both institutional and retail traders employ similar strategies, the LookOnChain post observed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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