A trader has recorded a $5.6 million profit over the past week from a 1x short position in ESPORTS on Aster, according to on-chain monitoring data.

According to Foresight News, Lookonchain reported that the trader created a new wallet one week ago and deposited $3.9 million.

The trader then opened a 1x short position for 139.6 million ESPORTS at an entry price of about $0.07. Lookonchain said the position is currently showing a profit of $5.6 million.