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Anti-CZ Whale Gains $100M Profits Shorting ASTER, XRP, ETH, PEPE
While Binance founder Changpeng Zhao announced his purchase of over 2 million Aster (ASTER) tokens, a trader known as the “anti-CZ whale” capitalized on the market reaction by shorting ASTER. Despite the initial hype from Zhao's post, ASTER's value declined by 20.4% to $0.84, and its trading volume halved to $1.3 billion.
- The "anti-CZ whale" holds $21 million in unrealized profits on ASTER shorts via Hyperliquid.
- The trader is also profiting from shorts on other cryptocurrencies, including Dogecoin, Ethereum, and XRP.
- His total profit nears $100 million amid a broader crypto market decline.
The global crypto market cap fell by 3.75% to $3.46 trillion, with investor sentiment dropping into the "fear" zone at 27. Over $1.3 trillion in liquidations occurred, largely impacting long positions.
A contributing factor to the selloff is the recent $120 million Balancer exploit reported on Nov. 3.