On-chain activity on Aster also showed a $9.58 million ESPORTS short with about $5.005 million in unrealized gains, alongside profitable SYN long positions.
Several smart wallets were trading volatile tokens on Aster, extending earlier signs of bearish positioning in GUA to other names on the platform. Two wallets, 0x2d4 and 0x961, were shown with more than $1.29 million in combined unrealized profit from short positions in GUA, while whale 0x89C…4A013 held a 1x short in ESPORTS worth $9.58 million with $5.005 million in unrealized profit. Addresses 0x2A3 and 0x134 were also sitting on unrealized gains from SYN long positions. Short trades profit when token prices fall, while unrealized profit refers to gains on positions that remain open.