A trader has made more than $9 million by shorting ESPORTS on decentralized trading platform Aster DEX in less than a month, according to Lookonchain. The reported return stands at about 806%.
Lookonchain said the trader deposited 1 million USDT into Aster on June 18 and opened a 1x leveraged short position in ESPORTS. After partially closing the trade, the account had already locked in $4.28 million in realized profit.
The trader still holds a short position of about 137.73 million ESPORTS. Lookonchain said the position shows roughly $1.95 million in floating profit, while the account also has about $4.77 million in unrealized gains.
The original 1 million USDT deposit has already been withdrawn from Aster. The account balance now stands at $9.05 million, all of which is profit, based on the figures cited by Lookonchain.
ESPORTS short on Aster DEX generates more than $9 million in profit
According to Lookonchain, a trader made more than $9 million in less than a month by shorting ESPORTS on decentralized trading platform Aster DEX. The reported return was about 806%.
Lookonchain said the trader deposited 1 million USDT into Aster on June 18 and opened a 1x leveraged short position in ESPORTS. The trader later partially closed the position, realizing $4.28 million in profit.
The account still holds a short position of about 137.73 million ESPORTS. That position is showing about $1.95 million in floating profit, and the account also has around $4.77 million in unrealized gains.
Lookonchain added that the trader has already withdrawn the initial 1 million USDT from Aster. The remaining $9.05 million in the account is all profit.
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