Whale Nets $1.12M Profit Swapping APX for ASTER on Gate.io
A whale's latest withdrawal of 3.19 million ASTER tokens brings its total withdrawal to 64.53 million ASTER, marking an unrealized loss of over $29 million.
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Fact Check
The statement is strongly supported by multiple pieces of evidence. Ainvest.com (Evidence 1, 3, 4) explicitly reports a whale securing a $1.12 million profit from trading the ASTER token on Gate.io. This is corroborated by on-chain analysis from Lookonchain (Evidence 6), which details a whale withdrawing 2.473 million APX from Gate.io and later withdrawing an identical amount of 2.473 million ASTER tokens, whose value aligns with the reported profit figure. The combination of the news report and the on-chain data confirms all key elements of the statement: the whale, the profit amount, the specific tokens (APX for ASTER), and the exchange (Gate.io).
Summary
On October 1, Onchain Lens reported that a whale withdrew 3.19 million ASTER tokens, valued at $5.06 million, from Gate.io after four days of inactivity. This adds to a total withdrawal of 64.53 million ASTER worth $104.55 million, with the whale facing an unrealized loss of $29.14 million.
Terms & Concepts
- Whale: An individual or entity holding large amounts of cryptocurrency, capable of influencing market prices through significant transactions.
- ASTER: A cryptocurrency token that operates on blockchain networks, often traded for profit or used in decentralized applications.
- Gate.io: A cryptocurrency exchange platform offering a range of digital asset trading services, including spot and futures markets.