Odaily, citing monitoring from Lookonchain, reported that whale address 0x5f91 quickly chased the move after Aster announced an update to its tokenomics. The address opened a long position of about 5.33 million ASTER, valued at roughly $3.97 million at the time of the disclosure. The trade represented a large directional long position built around ASTER’s short-term price movement.
ASTER later pulled back, and the whale’s earlier long position was fully liquidated. The forced liquidation resulted in an estimated loss of about $530,600 for the address. The sequence shows that the position was opened after the tokenomics update and was then closed by liquidation as the price moved against the trade.
After that loss, the same whale address entered the market again. It has now rebuilt a 5x leveraged long position totaling about 3.86 million ASTER, worth approximately $2.61 million. The repeated entry indicates that address 0x5f91 continues to place a rebound-oriented bet on ASTER despite the highly volatile trading conditions described in the monitoring report.