A mysterious trader known as the “Anti-CZ Whale” has made a substantial profit from shorting Aster tokens. According to Lookonchain, the whale has raked in over $21 million in unrealized gains across two wallets.
Significantly, Anti-CZ Whale’s contrarian bet against the crypto has paid off spectacularly. This impressive profit adds to the trader’s overall unrealized gains, which have surpassed $90 million across several major cryptocurrencies.
Anti-CZ Whale Gains $21M
Anti-CZ whale, a prominent trader, has once again surfaced, gaining significant traction with his latest move. Lookonchain data revealed that the trader has gained a massive $21 million in unrealized profits from shorting ASTER.
Importantly, it is worth recognizing that this investment is just one part of his broader strategic trade on multiple tokens. The trader has established relatively deep short positions in the major tokens, DOGE, ETH, XRP, and PEPE. However, on-chain data suggests that these short positions have generated close to $100 million in unrealized gains.
Background: Who’s Anti-CZ Whale?
Notably, the enigmatic investor has made a name for himself by shorting ASTER in direct opposition to CZ’s investment actions. Shortly after Binance founder Changpeng Zhao shared a post hinting at buying the token, the trader took an opposing stance, doubling down on short positions.
Following the fall of the crypto price from $1.20 to about $0.83, the whale’s leveraged shorts were generating returns in triple-digit percentage terms. Data obtained from Hyperliquid, the decentralized perpetual exchange where the trader was using their position, shows that the total combined ASTER short position in the two wallets (0x9eec98D…daAb & 0xbadbb1de…9ee6) was over $48M with approximately 3x leverage producing an unrealized profit of over $21M.
Beyond Aster, the Anti-CZ whale’s portfolio contains an even more diverse mix of digital assets like DOGE, ETH, XRP, and PEPE, all of which are currently in profit. Hyperdash’s on-chain analytics identifies the whale’s largest shorts: $25.4M (DOGE, 5x leverage), $21.1M (ETH, 20x leverage), $15.1M (XRP, 10x leverage), and $11.9M (PEPE, 5x leverage).
Having garnered over $31 million in unrealized gains collectively, the trader’s positions have produced greater than 140% average returns on equity (ROE). The whale’s positions have consistently coincided with market downturns, suggesting a strategic approach to market timing and disciplined margin management.
Aster Price Continues to Dip
The cryptocurrency is currently trading in the red zone, experiencing significant declines, after posting major gains recently. As of press time, the token is priced at $0.8818, down by about 16% over the past 24 hours. In addition, the altcoin has seen more notable declines of 18% and 70% over the past week and month, respectively.
