Ogle’s Bold $ASTER Bet Brings $357K Profit

Cryptogle, an account that identifies as Crypto trader and is referred to as @cryptogle, has re-opened a 3x leveraged long on $ASTER. In a few hours, the post recorded an unrealized profit of 357,000. This is following the fact that Ogle had made close to $986,000 in two previous long trades on the same token. His action is not only a sign of his faith in the short-term increase of $ASTER, but it is also a huge risk in its short term because of the heavy leverage.

Who Is Ogle?

Ogle is not just a trader. He also has a position in World Liberty Financial, a crypto project associated with the Trump family, as an advisor. His trades with big names tend to be the subject of attention due to his connection to the controversial platform. It has been reported that Donald Trump Jr. and Eric Trump have a high stake in the project. In the recent past, the company introduced its own token, $WLFI, and a stablecoin named USD1.

$ASTER’s Market Rally

CoinGecko gives a clear rise of the ASTER. Its trading volume has increased 161 per cent in the past 24 hours to $1.9 billion. It also spiked its price over 100 percent during the time. This tremendous increase was made despite the fact that a wider crypto market had fallen marginally. Nevertheless, such intensive returns within a brief period usually create bubble apprehensions.

Risks and Speculation

There is further complication with the political and financial support of World Liberty Financial. Having giants such as Justin Sun and Dubai-based MGX amongst the competitors, there is concern that the emergence of $ASTER is less about demand than it is about power and influence.