Key Highlights
- Lookonchain identified a trader holding a 4x leveraged long on 619,853 ANSEM.
- The position was worth around $213,000 when opened and was showing an unrealized profit of about $111,000.
- On-chain data from AsterDEX reflects an unrealized return of more than 200% on the position.
Blockchain analytics platform Lookonchain has highlighted a trader who has generated an unrealized return of more than 200% on a leveraged perpetual futures position tied to ANSEM.
According to Lookonchain, wallet 0xe8be…e992 opened a 4x long position on 619,853 ANSEM, with the trade valued at approximately $213,000.
At the time of the post, the position was showing an unrealized profit of roughly $111,000, representing a 209.28% return.
On-Chain data confirms unrealised profits
Data from the AsterDEX blockchain explorer shows the wallet currently maintains an open ANSEMUSDT perpetual position.
The explorer lists a position size of 671,360 ANSEM, entered at an average price of 0.18, with an unrealized profit exceeding $199,289 at the time of the latest snapshot. The wallet also held more than $80,543 (161.66% ROE) in available balance.
The wallet also held about 83,816 USDI, worth nearly $83,741, while earlier transaction records indicate the position was built through multiple order executions before being consolidated into its current size.
Transaction records show the trader submitted multiple PlaceOrder transactions within a short period before establishing the position, indicating the trade was built through a series of executions.
Trade follows scrutiny over ANSEM’s token distribution
The profitable trade comes less than a week after ANSEM drew attention over the distribution of its token supply.
On June 30, blockchain investigators reported that 67.38 million ANSEM tokens, valued at approximately $9.43 million, were distributed to more than 700 wallets through an airdrop. However, on-chain analysis showed that nearly 74% of the allocation was concentrated across just seven wallets.
The concentration sparked discussion within the crypto community after several of the largest recipient wallets began selling portions of their holdings shortly after the airdrop. Despite those concerns, ANSEM has continued to attract speculative trading activity, with traders actively taking leveraged positions as volatility in the token persists.
Attention turns to AsterDEX
The trade also brought additional attention to AsterDEX, where the position was opened.
Several market participants suggested that growing activity in AsterDEX’s perpetual futures market reflects increasing trader interest in emerging assets such as ANSEM.
Whether the trader ultimately realizes the gains will depend on future price movements, but the position highlights the continued appetite for high-risk, leveraged trades in the crypto derivatives market, even as questions surrounding ANSEM’s token distribution remain fresh.
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