Trader Turns $24K Into $275K With Up to 100x BTC, ETH and LINK Bets

A crypto trader tracked by the wallet label “0x3376” generated more than $250,000 in gains on Aster DEX within a month after deploying a relatively small amount of capital across highly leveraged cryptocurrency positions, according to blockchain analytics platform Lookonchain.

The trader initially deposited $24,000 on Aster before opening long positions in Bitcoin, Ethereum, and Chainlink (LINK). Leverage on the positions reached up to 100x, while all three trades returned more than 10 times the capital allocated to each, according to Lookonchain.

The account’s funds subsequently climbed to a combined $275,000, including money already taken off the platform and capital that remains on the decentralized exchange.

Blockchain data cited by Lookonchain showed that 0x3376 has withdrawn $91,000 in profit. The trader still holds $184,000 on Aster.

Source: Lookonchain