Lookonchain
Trader 0x45bd is sitting on $151,000 in unrealized profit after opening a 4x leveraged long on BTW via Aster DEX. The position, sized at 130,578 BTW ($238,000 at entry), is up 253.40% on the trade.
BTW itself has surged more than 110x in the five months since its listing on Aster, putting the trader squarely in the middle of one of the platform's longest-running memecoin runs on a perpetual venue.
The trade underscores how perpetual DEXs with deep liquidity and high leverage have become preferred venues for memecoin speculation, where small-cap tokens can move 100x+ and a modest long can become a six-figure win before any liquidation pressure kicks in.
Source: [Aster - The next-gen perp DEX for all traders — Asterdex](https://www.asterdex.com/en/explorer/address/0x45bd43423614b37A4288291021de881502383a6b)
Frequently asked questions
-
What is BTW and when did it list on Aster DEX?
BTW is a memecoin that listed on Aster DEX about five months ago. Since listing, the token has surged more than 110x, making it one of the platform's longest-running memecoin runs on a perpetual venue.
-
How much profit has trader 0x45bd made on the BTW long?
The trader is sitting on roughly $151,000 in unrealized profit on a 4x leveraged long of 130,578 BTW ($238,000 notional at entry), with the position up 253.40%.
-
How does a 4x leveraged long work on a perpetual DEX?
A 4x long means the trader borrows three times their collateral to amplify exposure. Profits and losses are both multiplied by four, and a roughly 25% adverse move would trigger liquidation.
-
Why is Aster DEX popular for memecoin perpetual trading?
Aster offers deep liquidity, high leverage, and multichain support, which has made it a preferred venue for small-cap memecoin speculation where 100x+ price moves are possible on relatively thin order books.
-
Has the trader closed the BTW position or is it still open?
According to the on-chain data referenced, the position is still open with $151K in unrealized profit, meaning the trader has not yet realized the gain on the trade.
CoinDesk
Crypto News
WuBlockchain
CoinTelegraph