Lookonchain said the trader deposited 3 million USDT and built long positions totaling 4.73 billion AKE tokens, signaling a concentrated leveraged bet on the decentralized exchange.
A large trader set up a sizable bullish position in AKE after creating three new wallets and moving 3 million USDT into Aster DEX, a decentralized exchange. Lookonchain said the whale then opened long positions totaling 4.73 billion AKE tokens, valued at $3.37 million. The activity points to a concentrated directional bet, with the use of multiple fresh wallets suggesting an effort to split or manage exposure across accounts.