ASTER reaches new all-time high with heightened trading activity 

ASTER token reached a new all-time high after a whale made massive moves, followed by a sequence of individual trades. Decentralized exchange’s token, ASTER, reached a new all-time high following a whale accumulation through two wallets and a series of 50,000 trades at varying prices. 

ASTER reached an all-time high of $2.14 today with the help of the whale activity. Earlier in the day, the token tested the $2 psychological resistance level, but the bulls were not strong enough to push past this resistance level. However, the ASTER whales helped the prices. 

According to blockchain analytical firm, Lookonchain, a whale bought 7.14M $ASTER($10.5M) using 2 wallets, which are 0x2204 and 0xAF37.

The whale deposited 4.5M $USDT into Aster and then withdrew 7.14M $ASTER($10.5M) and has an unrealized profit of $6M.

Join our newsletter
Get Altcoin insights, Degen news and Explainers!

Meanwhile, a sequence of 50,000-unit trades followed at different prices, with each trade producing at least $4,200. In particular, one trade at $1.4295 returned $4,908.20, while another at $1.4165 brought $5,309.45 in gains. In addition to these trades, there were some closures at $1.4292, $1.4347, $1.4313, and $1.4375, with profits ranging from $4,258.02 to $4,677.27. 

However, transaction fees across the entries stayed consistent, generally between 13.8 and 14.1 USDC. The group of short positions collectively generated over $80,000 in realized profit. During the same period, long positions in PUMP recorded zero profit, with a closed P and L at $0.00.

Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency investments are subject to high market risk. Readers should conduct their own research or consult with a financial advisor before making any investment decisions. The views expressed here do not necessarily reflect those of the publisher.

Share this article