A trader has built more than $9 million in profit from a single 1x short position on Yooldo Games’ ESPORTS token through decentralized perpetual exchange Aster.
The wallet deposited 1 million USDT on June 18 and used the balance to short ESPORTS. It later closed part of the position for $4.28 million in realized profit before withdrawing the original $1 million deposit.
The account retained $9.05 million after the withdrawal, leaving the trader’s initial capital off the platform while the remaining position stayed open. The trade produced an estimated 806% return in less than a month.
Earlier wallet activity placed the original short near 139.58 million ESPORTS, with an entry price around $0.07 and a notional value of approximately $9.44 million. The trader opened the position through a newly created wallet and used no additional leverage beyond the position’s 1x structure.
ESPORTS Trades Near Record Low
ESPORTS has fallen to about $0.0144, leaving the token roughly 80% below the trader’s reported entry level.
The Yooldo Games token has declined about 37% over the past week and remains close to its all-time low near $0.0139. It is down more than 98% from its $0.8094 record high, with its circulating market capitalization near $2.2 million.
Yooldo operates a multichain blockchain gaming platform, with ESPORTS used across its games and token-based services. The token has a maximum supply of 900 million.
The price collapse gave the short substantial room to move into profit without the liquidation pressure attached to higher-leverage positions. The trader began realizing gains as ESPORTS moved through the lower end of its trading range.
Open Position Holds $4.77 Million In Paper Gains
The trade adds another large onchain position to Aster’s expanding perpetual market, which supports crypto, equity and commodity-linked contracts.
Aster recently burned 6.02 million ASTER after upgrading a tokenomics model that redirects 99% of platform fees into ASTER purchases.
The trader still held a short covering 137.73 million ESPORTS when the position was tracked. The remaining contract carried a notional value of about $1.95 million and an unrealized profit of $4.77 million.
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