Pseudonymous trader James Wynn, renowned for his high-risk crypto bets, has returned to the market with a new leveraged position on ASTER, the native token of the Aster perpetuals exchange. Wynn has opened a 3x leveraged long worth over $16,000, entering at $1.97 per token with a liquidation level set at $1.57. This move comes just days after he was liquidated on a previous ASTER trade, demonstrating his persistent confidence.
Wynn's strategy centers on farming the upcoming ASTER airdrop, which he publicly declared on X as potentially "one of the biggest in crypto history." The Aster exchange, an on-chain derivatives platform, has gained attention for its role in facilitating such speculative activities. Notably, Wynn's history includes a $1.2 billion Bitcoin trade earlier this year using 40x leverage; after a $17.5 million liquidation, he flipped to a short position and secured a $25 million profit. His latest bet, while smaller in scale, underscores his appetite for volatility and airdrop-driven opportunities.
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