$ASTER — A Whaling Disaster: $61M Profits Vanish in Just 10 Days
One of HyperLiquid’s most closely watched whales — the same trader who became famous for shorting immediately after CZ accumulated $ASTER — has just taken one of the sharpest reversals seen on the platform this month.
In a span of only 10 days, over $61 million in profits has completely evaporated from his PnL, turning what looked like a flawless streak into a painful drawdown.
This whale was previously sitting on nearly $100M in total profit across HyperLiquid. But the recent market downturn flipped his entire book upside down. His oversized, high-conviction leveraged longs — particularly in $ETH and $XRP, worth more than $253M combined — have pulled his Unrealized PnL deep into negative territory.
The shift in momentum has been brutal:
Total realized + unrealized profit has fallen to just $38.4M
Over $61M wiped out in 10 days
Massive long positions now under severe pressure as volatility spikes
Market-wide liquidity weakening amplified the speed of this drawdown
This marks one of the fastest and largest multi-million reversals on HyperLiquid, reminding traders how quickly sentiment can flip when aggressive leverage meets a cascading market.
The big question now is:
Does this whale finally cut his losing positions — or go even deeper and double down once more?