ASTER whale makes another withdrawal: Continued to increase holdings despite a floating loss of $34.5 million after buying at a high

[Crypto World] On-chain monitoring shows that a major holder has made new moves in the past 8 hours—withdrawn about 13.44 million ASTER from a major exchange, with a market value of approximately $13.04 million.

This player’s trading history is quite thrilling. Looking back at previous records: he once withdrew 64.53 million tokens from Gate in one go when ASTER was trading near its peak at $2.07, with a total value of $133.68 million at the time. However, things took a turn for the worse when he later transferred the same amount of ASTER to another top exchange at an average price of about $1.54, amounting to roughly $99.14 million.

A simple calculation shows that this round of operations has resulted in an unrealized loss of about $34.5 million. Buying in above $2, selling at $1.50, and now continuing to withdraw tokens—it’s hard to decipher this whale’s strategy—is he averaging down his cost, or does he have another plan? The market’s attitude toward ASTER is clearly divided, and fund flows of this scale are definitely worth keeping an eye on.