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Analysis: The source of funds for shorting the ASTER Whale is not directly related to the Aster treasury.
Odaily News According to on-chain analyst Ai Yi's analysis, the Hyperliquid ASTER Airdrop TOP1 Position holder 0x9ee…1daAb's fund association is organized as follows: Margin source: The fund sources of this address in the past week are indeed marked as AstherusVault and Aster (Game), but when we try to extract one of the Vault addresses, we find that it has fund associations with N addresses, with a large amount of tokens flowing in and out every day, directly defining it as “treasury behavior” seems inaccurate; First fund source: The fund from the upstream address 0x04D…3eE2C was withdrawn from Binance three years ago; High-frequency interaction address: No associating evidence could be found for the fund source and related address of 0xBAD…39eE6; Additionally, the ASTER treasury address is public and can be queried on its Doc.