A trader has made more than $9 million in under a month on Aster by placing a single 1x short on ESPORTS, according to on-chain tracker Lookonchain. The reported 30-day return reached 806%.
Lookonchain said the trader deposited 1 million USDT into Aster on June 18 and opened the ESPORTS short position with 1x leverage. So far, the trader has realized $4.28 million in profit by partially closing the position.
The account still holds a short position of 137.73 million ESPORTS, valued at $1.95 million, with another $4.77 million in unrealized gains. After that, the trader withdrew the initial $1 million principal from Aster. The remaining $9.05 million left in the account is all profit, based on the data cited in the report.
The trade stands out because it involved only one position and used low leverage, while still producing an outsized return in less than one month.
Single 1x ESPORTS short on Aster generated over $9 million
On July 13, BlockBeats reported, citing Lookonchain, that a trader made more than $9 million on Aster in less than one month, posting a 30-day return of 806%.
The trader placed only one trade: a 1x short on ESPORTS. On June 18, the trader deposited 1 million USDT into Aster and opened the short position.
$4.28 million realized, $4.77 million still unrealized
Lookonchain said the trader has already locked in $4.28 million in profit by partially closing the position. The account still holds a short position of 137.73 million ESPORTS, valued at $1.95 million, with another $4.77 million in unrealized profit.
The trader later withdrew the initial $1 million principal from Aster. The remaining $9.05 million in the account consists entirely of profit.
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