BlockBeats news, on July 7, according to Lookonchain monitoring, a whale opened a short position of 3,753.56 SNDK shares on Aster DEX, with a position value of approximately $6.27 million, using 10x leverage. The position is currently showing an unrealized profit of about $116,000, yielding a return of 18.53%.
Whale opens $6.27M short position on SNDK at Aster DEX, earns $116K profit
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Summary
A whale executed a $6.27M short position in positional trading on Aster DEX, opening 3,753.56 SNDK tokens with 10x leverage. The trade generated a floating profit of $116K, yielding 18.53%. Position sizing was critical to the whale’s strategy, balancing risk and reward. The position remains open as SNDK prices fluctuate.
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