CZ Buys ASTER; Whale Increases Short on ASTER, Reaching $21M Unrealized Gains Across Two Wallets

COINOTAG News, November 4, citing LookIntoChain data, reports that after a high-profile ASTER acquisition by CZ, a large market participant escalated a short position on ASTER. The two related wallets show unrealized gains totaling about $21 million, underscoring a bearish posture on the token amid shifting macro cues. The move highlights ASTER as a focal point for liquidity and risk-off flows.

The same trader also maintains short bets on DOGE, ETH, XRP, and PEPE, with those positions currently in profit based on on-chain data. The spread of profits across these assets signals a diversified downside thesis rather than a single-name event.

Total performance at Hyperliquid approaches $100 million in cumulative gains, reflecting the impact of large-wallet activity on alt- and meme-asset liquidity. These observations illustrate how institutional-style participation can influence short-term crypto dynamics while emphasizing disciplined risk controls amid ongoing market volatility.