TLDR
- An anonymous trader known as the Anti-CZ Whale holds over $21 million in unrealized profit from ASTER short positions.
- The whale currently controls 58.27 million ASTER tokens in short positions valued at approximately $51.14 million.
- These positions have a liquidation level set at $2.091 on the Hyperliquid platform.
- The trader has also shorted Dogecoin, Ethereum, XRP, and PEPE with combined profits nearing $100 million.
- The positions were opened shortly after Binance founder CZ announced his $2.5 million purchase of ASTER.
A trader known as the Anti-CZ Whale holds over $21 million in unrealized profit from ASTER short positions. The whale has established a substantial position in the token on the Hyperliquid platform. On-chain data reveals the scale of these profitable trades.
Trader’s ASTER Short Position Reaches $51 Million
The Anti-CZ Whale currently controls 58.27 million ASTER tokens in short positions. These holdings are valued at approximately $51.14 million at current prices.
The trader has set a liquidation level at $2.091 for these positions. This price point provides a buffer against potential upward moves in ASTER.
The whale’s strategy extends beyond ASTER to other major cryptocurrencies. Short positions in Dogecoin, Ethereum, XRP, and PEPE are also generating profits.
The combined trades across multiple tokens have pushed total profits near $100 million. All positions were opened on the decentralized perpetual exchange Hyperliquid.
CZ’s Purchase Preceded ASTER Price Surge and Decline
The whale opened these positions after Binance founder Changpeng Zhao disclosed his purchase of ASTER. CZ announced he bought $2.5 million worth of ASTER tokens.
The token price jumped more than 30% to $1.20 following CZ’s announcement. However, the rally did not sustain its momentum.
ASTER has since experienced heavy selling pressure from market participants. The token is now trading around $0.8804, down 17% in the past 24 hours.
CZ launched a poll on X asking followers about disclosing personal trades. The poll received 72,102 responses from the crypto community.
Results showed 70% supported continued transparency while 30% preferred non-disclosure. Despite majority support, CZ indicated he might reconsider sharing such information.
Binance Founder Reflects on Past Trading Experiences
CZ commented on his history of buying coins at unfavorable times. He bought Bitcoin in 2014 for about $600 before it dropped to $200.
His BNB purchases in 2017 fell 20–30% shortly after he acquired them. “Every time I buy coins, I end up in a losing position,” CZ said.
He warned traders to manage risks carefully in volatile markets. CZ added he would likely stop revealing future trades to avoid influencing sentiment.
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