Whale Continues to Sell Off Over $35.8 Million Can a New Feature on a Perpetual Contract Platform Stop the Decline

2025-12-17 02:20:10

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【Crypto World】A perpetual contract platform recently launched a new feature for traders called “Shield Mode,” claiming to offer up to 1001x leverage, instant execution, zero slippage, and gas fee exemption. It indeed sounds attractive.

But the market doesn’t seem to buy it. On-chain data shows that an ASTER whale recently significantly reduced their position, offloading 13.44 million tokens in a single trade. This round of trading resulted in a loss of $1.37 million, and overall, this whale has lost over $35.8 million on this token.

Selling pressure continues to mount. The token price dropped by 10.8% in response, now quoted at $0.815. Technical indicators are also not very optimistic — key metrics are signaling further downside. In the short term, this price is likely to remain under pressure. Whether product innovation can reverse market expectations depends on the actual trading data performance moving forward.

ASTER-9.56%

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not_your_keys

· 12-17 02:49

1001x leverage? Bro, this isn't a pie in the sky, it's a trap... Just look at how big players are losing 35.8 million directly and you'll know. --- The shield mode isn't even fully warmed up yet, and someone is already bleeding heavily. This new feature is really disappointing. --- The signals that big players are跑路 (running away) are so obvious, why aren't they leaving? I really don't understand. --- Zero slippage and no gas fees sound great, but the market doesn't believe it... Keep dumping. --- Another "revolutionary feature," but it's the same old trick. --- 1001x? Just thinking about it is scary. How many people will get liquidated? --- This wave of selling has just started... I feel there's still room for further decline. --- The new feature can't save the fundamentals; the logic is sound. --- Big players are already跑路 (running away). What's the point of product innovation? It still has to fall. --- It looks like institutions are dumping to clear the market, with an insider vibe.

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DeFiChef

· 12-17 02:41

1001x leverage? Laughable, this is just a knife prepared for the retail investors. --- The whale lost 35.8 million but is still dumping, indicating the market is completely rotten. --- New features can't save this price; just look at the technicals. --- Shield mode? Better yet, let the shield itself withstand the decline. --- This big investor is really brave, losing 1.37 million in one go and still continuing to sell. --- Perpetual contract platforms keep launching new features every day, but they can't change the market's downward trend. --- The price has dropped to 0.815, only true warriors dare to enter now. --- Saving on Gas fees, what's the use? Only losing faster. --- A whale reducing their position can tell us something—institutions are all fleeing. --- Looking at this selling pressure, it seems the bottom will be broken again.

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GateUser-40edb63b

· 12-17 02:40

1001x leverage... Just hear it, even whales have lost 35.8 million. What's the use of new features?

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