The cryptocurrency market has always been a stage for "smart money" to show its strength. Today (17th), on-chain data analysis agency Lookonchain released an eye-catching whale update on the X platform, revealing that someone is using high leverage to bet heavily on the fundamental positives of the Aster project.
Aster's mainnet launch appears to be a catalyst for coin price.
Lookonchain first points out in its post that Aster appears to have quietly launched its mainnet, and the block explorer on its official website is now open for viewing and operation. In the cryptocurrency market, a mainnet launch is usually regarded as a major milestone in project development, often bringing tangible applications and speculative hype to the token. This is likely the core reason behind the recent price surge.
Hyperliquid's largest long position has been spotted: total value exceeding $20.4 million.
Driven by positive fundamentals, the decentralized perpetual contract exchange Hyperliquid has seen the largest long position on the entire network to date.
According to on-chain screenshots of Hypurrscan provided by Lookonchain (wallet address: 0x1527...fa7c2 ), the details of this big spender's operations are astonishing:
- Position size: The whale holds a total of 25.93 million $ASTER tokens, with a total contract position value of $20.42 million .
- Leverage and entry cost: Using 4x leverage (cross margin cross mode), the average opening price is approximately $0.63585 .
- Amazing unrealized profit: With the current price of $ASTER climbing to approximately $0.78760, the unrealized profit (PnL) of this long position has reached +3,935,327.55 USD (approximately NT$125 million).
It's worth noting that this large investor has paid a total of $127,304 in funding fees to maintain this massive long position. In contract trading, the willingness to bear such high holding costs demonstrates the trader's extreme confidence in the subsequent market movements.
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