Aster (ASTER)

Mando claims surviving 10/10 crash was the ultimate test of conviction.

He was down $5M–$6M on his $ASTER long position when the market flushed, but Aster's treasury stepped in, bought up the wick, and instantly sent it back up.

"I was down something like $5 million, $6 million at one stage... and then ended only down six figures... which I just took as a fucking huge win."

While standard perps trading can wipe anyone out, holding a project with rock-solid treasury backing is a cheat code.

FT: @rektmando x @wizardofsoho x @WeeklyWizdom

This guy (0x972) has executed the same $ASTER trade three times, following what looks like a classic airdrop farming strategy:

- Round 1: Bought 1m $ASTER for $689.01k, immediately deposited the entire amount into the Aster protocol to farm rewards, then withdrew the 1m ASTER a month later and transferred it to Binance.
- Round 2: Repeated the exact same process.
- Round 3: Has just completed the deposit step, sending another 1m ASTER into the Aster protocol about 3 hours ago.

After 2mo, his investment in ASTER is down by more than $70k.

Judging by this trading pattern, he appears to be a long-term investor who is simply putting his idle ASTER to work by farming rewards. The question is: will those rewards be enough to offset the losses from holding ASTER?

If you owned 1m ASTER, what would you do?

https://t.co/net2p2Mwqy