Aster Today News: Whale Bets on Multi-Chain Assets - ASTER, STRK Profits Shine

The crypto market once again welcomes a dramatic scene. The on-chain whale “Bag Holding Shitcoins” (Address 0xa2c), known for its bold bets, now has a combination of 22 small-cap tokens that shows a “tale of two cities”: ASTER and STRK are making big profits, but the rest of the tokens are experiencing severe falls, leaving an overall paper loss of up to $870,000. In the entire fluctuation script, this whale becomes a microcosm of market momentum: high risk, heavy position, attempts in multiple directions — but the performance is far from as glamorous as it seems.

ASTER, STRK: The only highlights in the portfolio

According to on-chain monitoring data:

• ASTER: Profit of $130,000, Return Rate +69%
• STRK: Profit of 180,000 USD, return rate +100%

In the bleak landscape of low market capitalization coins, the performance of these two assets can be described as stable, and they have also become one of the few main forces in the Whale portfolio that can hedge against losses.

PUMP, PROMPT: Loss Black Hole, Heavy Position Combination Performance

However, the performance of the remaining holdings of the Whale is extremely tragic:

• PUMP: Loss of 130,000 USD (-75%)
• PROMPT: Loss of $290,000 (-104%)

The losses from PROMPT have even exceeded the principal, clearly demonstrating the structural risks of low liquidity tokens with “huge slippage and severe price manipulation.” As of now, the overall position of whales is close to a $25.58 million exposure, but the losses press on the portfolio, further amplifying the risk exposure.

Comparison: Another Whale “Triple Short ASTER” has decisively exited.

In stark contrast to “Bag Holding Shitcoins”, another whale “Triple Short ASTER” (Address 0x9ee) closed a $44 million ASTER short position (essentially break-even) in mid-November, and then quickly switched strategies, turning the entire position around:

• ETH Longer
• XRP longer

Currently, the position market capitalization has reached 273 million USD, with only a slight floating loss. This type of action demonstrates the sharpness of professional traders in “quick in and out” and “theme switching”, in stark contrast to the former's style of “long-term holding and random betting”.

Market Background: BTC Pullback, MSTR Hits New Low, AI Narrative Still Not Connecting with the Crypto Market

Behind the divergence of Whale strategies, the market atmosphere is also unstable:

• BTC has been continuously falling, and market sentiment is cooling.
• MicroStrategy (MSTR) falls below the 50-week moving average, with stock prices retreating to $200, marking a new low since October 2024.
• Elon Musk's xAI valuation reached $230 billion, with financing of $15 billion, but its actual impact on the crypto market remains to be seen.

Overall, the market lacks a clear main line, and speculative funds continue to target low market capitalization coins, which also explains the background of whale's high-risk positioning.

On-chain data reveals: Among whales, there are both radicals and speculators.

From on-chain data, two typical players can be observed:

1. “Bag Holding” Type: Multi-coin, Heavy Position, passively enduring Fluctuation

Betting on a variety of small coins may seem to diversify risk, but in reality, it exposes you to higher structural risks.

2. “Theme Switching” Type: Quick In and Out, Focus on Major Coins, Avoid Systematic Fall

The operation mode of “Triple Short ASTER” resembles the strategies of professional trading teams. Furthermore, Address 0xa31 still holds a massive short position of 11.08 million USD in ASTER (5x leverage), with an unrealized loss of up to 1.33 million USD (-58%), further reinforcing the high speculative nature of the current market.

Risks and Insights: Small Market Cap Tokens are Opportunities, but also Deep Pits

The combination of “Bag Holding Shitcoins” truly reflects a key fact about the market: the high returns of low market capitalization tokens are always accompanied by devastating risks. Once the market reverses, liquidity disappears faster than the price increase. Experts remind that the current market landscape is turbulent, regulatory uncertainties continue to increase, and the SEC's frequent actions make it easier for small coins to encounter severe price fluctuations. While the returns of ASTER and STRK are certainly impressive, they are not sufficient to offset the wider cracks.

Conclusion: The strategy of the Whale is a warning, not a template.

Whales can withstand significant losses, but ordinary investors cannot. Especially under the current market structure, high fluctuation assets may experience dramatic reversals within a matter of hours. If there is anything to learn from whales, it should be:

• Heavy Position in small coins is extremely risky
• Betting in a single direction can easily lead to total defeat.
• When the trend reverses, timely adjustment is the way to survive.