Recent on-chain activity has revealed significant losses for a major crypto whale, whose leveraged long positions in ASTER, ETH, and AVNT were liquidated amid market volatility. The combined losses reached $4.21 million, drawing attention from traders and analysts alike.
Breakdown of the Losses
- $3.74M lost on ASTER positions, the largest portion
- $250K in losses from ETH holdings
- $223K from AVNT longs
Despite the setback, the investor quickly re-entered the market. A new position has been identified: a 25x leveraged long on Ethereum (ETH), now valued at $11.18 million.
High-Stakes Gamble Amid Unrealized Losses
The new trade is already down by approximately $138K in unrealized losses. With market conditions remaining uncertain, such aggressive leverage increases the risk of another liquidation. This behavior underscores a high-risk, high-reward mindset common among large players, serving as a cautionary tale for retail investors about the dangers of over-leveraging.