News
Public · Published
Crypto trader makes over 800% in a month on this coin
A trader on Aster DEX deposited $1 million on June 18, opened a short position in the Yooldo (ESPORT) token, and earned over $9 million, delivering an approximately 806% profit in one month.
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What happened
A trader on Aster DEX deposited $1 million on June 18, opened a short position in the Yooldo (ESPORT) token, and earned over $9 million, delivering an approximately 806% profit in one month.
Confirmed
Global impact / market context
It shows that betting a token’s price will fall—known as short‑selling, where a trader sells borrowed tokens hoping to buy them back cheaper—on a decentralized exchange can produce very large profits, which may attract more speculative traders, cause bigger price swings, and put pressure on the token’s liquidity and risk management.
Analyst inference
The cryptocurrency market has been in a choppy consolidation phase for several months, with prices moving sideways rather than trending sharply, as of mid‑July.
Confirmed
What to watch
- Future price volatility of Yooldo (ESPORT) – large short positions can amplify moves, influencing trader profit opportunities and token stability. Analyst inference
- Aster DEX’s trading volume and liquidity – rising activity may attract more users but also increase exposure to rapid price changes and on‑chain risk. Confirmed
- Regulatory attention to short selling in crypto – authorities may consider new rules, which could limit or shape how such high‑leverage trades are executed. Analyst inference
Affected assets
- BNB — BNB
- ASTER — Aster