ASTER’s Largest Long Holder Cuts Positions After Price Drops Below $1.22
Whale trading activity shifts as 0xa31 shorts major altcoins including ASTER, UNI, and LTC, netting millions in realized and unrealized profits.
LTC
UNI
HYPE
Summary
A whale address starting with 0xa31 has shorted 21 popular altcoins in February, earning $6.23 million in realized profits and holding $4 million in unrealized gains. The largest short positions include ASTER at $9.7 million and UNI at $4.03 million, delivering gains of 20% and 210% respectively. The whale also holds a top short on LTC via the Hyperliquid platform.
Terms & Concepts
- On-chain: Refers to cryptocurrency transactions or data recorded directly on a blockchain.
- Long position: An investment strategy where an asset is purchased with the expectation it will increase in value.
- Unrealized profit: Potential profit from an open position that has not yet been closed or cashed out.