Lookonchain said the gains were built in under a month on an ESPORTS short after a 1 million USDT deposit on June 18 and partial profit-taking.
A trader generated more than $9 million in less than a month on Aster by using a single 1x short position on ESPORTS, according to Lookonchain. The wallet deposited 1 million USDT on June 18, realized $4.28 million by partially closing the trade, and continued to hold 137.73 million ESPORTS in short exposure valued at $1.95 million, with $4.77 million in unrealized profit. Lookonchain said the trader later withdrew the original $1 million principal. The reported 806% return highlights how short positions can deliver outsized gains when a token falls, even with low leverage, though unrealized profit remains subject to market moves until closed.