A newly created wallet opened a 1x short position of 139.58 million ESPORTS at about $0.07, with the position now showing a floating profit, Lookonchain said.
A trader on Aster has posted a $5.6 million unrealized profit within a week after a newly created wallet deposited $3.9 million and opened a 1x short position worth $9.44 million on 139.58 million ESPORTS at about $0.07. The position remains open and is currently in profit, according to Lookonchain. The trade highlights how even low-leverage short selling can generate large paper gains when a token moves sharply lower.