A trader on Aster DEX used 50x leverage to long BNB and ASTER, achieving returns of 386.51% and 589.60% respectively. The trader invested 230 BNB (worth ~$171,600) and 275,674 ASTER (worth ~$217,600), yielding profits of ~$13,000 and ~$25,600. Data from Lookonchain on September 7 highlights the high-risk, high-reward nature of leveraged trading on decentralized exchanges.
Lookonchain said on September 7 that a trader on Aster DEX opened 50x leveraged long positions on BNB and ASTER and pulled in multi-fold returns.
On BNB, the trader went long 230 BNB with a position worth about $171,600. That trade produced roughly $13,000 in profit, good for a 386.51% return. And on ASTER, the trader opened a long position in 275,674 tokens, with the position valued at about $217,600, leading to around $25,600 in profit and a 589.60% return.
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