Whale Opens $50 Million Short on Aster (ASTER) After 30% Rally
Following the recent surge in Aster’s price, a large trader has reportedly opened a $50 million short position on the ASTER/USD pair, betting against the token’s continued rise.
According to market data, the entry price for the trade was around $1.20 with 3x leverage, while the liquidation level is set near $1.82.
At current prices, the position is already showing a profit of approximately $2 million, suggesting a high-risk but well-timed move by a sophisticated market participant.
Aster Faces Volatility After CZ’s Endorsement
The trade comes shortly after Binance founder Changpeng Zhao (CZ) revealed that he had personally bought Aster tokens, causing a 30% price spike and a wave of social media hype.
Now, the sudden short indicates growing market skepticism and potential profit-taking by whales expecting a price correction.
Risk and Market Reaction
Analysts warn that such a large leveraged short could add to volatility in Aster’s price movements. If the market turns bullish again, the short position could face rapid liquidation near $1.82.
For now, traders are watching closely as Aster’s next move will determine whether the whale doubles down on profits — or faces a painful squeeze.
