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🩸BEARISH

ASTER whale deposits 34.6M tokens, sits on $67M loss as price drops 4.4%

A major $ASTER holder who accumulated 68.25M tokens at an average price of $1.66 roughly seven months ago has deposited…

A major <a class="ticker-mention" href="/en-US/token/aster">$ASTER</a> holder who accumulated 68.25M tokens at an average price of $1.66 roughly seven months ago has deposited 34.62M ASTER — worth approximately $22.95M at current prices — into the Aster protocol.

The deposit preceded a 4.4% price decline in ASTER, deepening an already significant paper loss. The whale still holds 24.25M ASTER valued at around $15.92M, a far cry from the ~$113M entry cost of the original position.

Total unrealised losses for this wallet now exceed $67M, making it one of the more closely watched distressed positions in the ASTER ecosystem. Whether the remaining holdings are sold, staked, or held will likely continue to weigh on near-term price sentiment.

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Lookonchain
Lookonchain @lookonchain · 29d ago
The $ASTER whale who accumulated 68.25M $ASTER ($113M) at $1.66 7 months ago deposited 34.62M $ASTER($22.95M) into #Aster 9 hours ago, after which $ASTER dropped 4.4%. This whale still holds 24.25M $ASTER($15.92M) and is now sitting on a total loss of over $67M. https://t.co/6NR36spqYl
The $ASTER whale who accumulated 68.25M $ASTER ($113M) at $1.66 7 months ago dep The $ASTER whale who accumulated 68.25M $ASTER ($113M) at $1.66 7 months ago dep
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