A trader generated $9.05 million in profit on Aster DEX in less than a month by opening a 1x short position on ESPORTS token, according to on-chain analysis. The trader deposited $1 million in USDT on June 18 and shorted ESPORTS without leverage.
The account has already realized $4.28 million by partially closing the position. An additional $4.77 million remains unrealized on an open short of 137.73 million ESPORTS tokens, valued at approximately $1.95 million at the time of the analysis. The trader withdrew the original $1 million capital, leaving only profit in the account.
The on-chain address shows the position details. Aster is a decentralized exchange built on the Bitcoin network that offers perpetual futures trading with leverage options. The trader's strategy involved a directional bet against the token using a 1x position, which carries no borrowed funds but reflects the account holder's own capital at risk.
The ESPORTS token price movement from June 18 through the analysis date determined the profit magnitude. Lookonchain, a blockchain analytics account, posted the observation based on querying the public address on the Aster protocol. The trader's withdrawal of initial capital before the short remained open leaves the remaining profit-taking dependent on further price movement or eventual position closure.
