Aster DEX Trader Turns ESPORTS Short Into $5.6M Gain in Just One Week

A trader on Aster DEX has secured a $5.6 million profit within a single week after taking a major short position on Yooldo Games (ESPORTS).

Roughly seven days ago, the trader created a new wallet labeled “0x89C3,” deposited $3.9 million, and opened a 1x short position involving 139.58 million ESPORTS tokens. At the time of entry, the position was valued at about $9.44 million, with an entry price near $0.07.

Since then, the market has moved in the trader’s favor, as ESPORTS has fallen approximately 20% over the past week. Consequently, the position has moved into a $5.6 million unrealized gain.

Source: Lookonchain