A crypto trader using Aster DEX turned a $1 million deposit into over $9 million in about a month, scoring an 806% profit by betting against a token called Yooldo (ESPORT).
The trader, identified on-chain as 0x89c3…A013, deposited the initial capital on June 18 and opened a short position on the ESPORT/$USDT pair. According to data from AsterDEX explorer, the position is still active, but the trader has already withdrawn the original $1 million from the exchange. A partial close realized $4.28 million in profits.
At the time of reporting, the trader held 137.73 million ESPORT tokens in short positions, valued at roughly $1.95 million. The bet continues on further price declines. The token has dropped over 98% since mid-May, and the trader’s unrealized profit sits at about $4.77 million. ESPORT was trading near $0.01416, giving it a market cap around $8.94 million.
The strategy: low leverage, big conviction
The trader used just 1x leverage on this trade. Yes, you read that right. No wild leverage multipliers. Just a straightforward short opened when ESPORT was trading around $0.05. The move relied on predicting a sell-off during the broader crypto market downturn, not on risky, high-leverage gambles.
With conservative leverage, the trader avoided the threat of forced liquidation that often wipes out overleveraged positions. That leaves room for the trade to breathe even if the token fluctuates. If ESPORT continues dropping, the profit could grow further.
The bigger picture
This trade stands out for its timing and discipline. While many traders chase gains through high leverage and volatile assets, this one used a simple directional bet against a token that was already sliding. The crypto market has been in choppy consolidation for months, but this short found its window.
Aster DEX, the platform where the trade happened, is a relatively smaller decentralized exchange. The on-chain data suggests the trader knew what they were doing. Withdrawing the initial capital early locked in a risk-free position, while the remaining exposure still holds nearly $5 million in paper gains.
For now, the trader is betting on further downside. Whether ESPORT recovers or drops more, the 800% return is already secured.
