Ethereum News Update: Anti-CZ Whale’s ETH Long Position Surpasses CZ’s Optimistic ASTER Move, Securing $100M in Profits

A well-known crypto trader, referred to as the "Anti-CZ Whale," has recently changed its stance on

(ETH), moving from a short to a long position—a notable shift in its trading approach. The trader currently possesses 32,802 , which is estimated to be worth around $109 million, based on data from . This adjustment stands in contrast to the trader’s maintained short bets on and kPEPE tokens, highlighting a sophisticated strategy to balance risk in the unpredictable crypto sector.

The Anti-CZ Whale’s ETH investment is part of a larger portfolio, which also includes short positions on 58.27 million ASTER (valued at $59.7 million) and 1.99 billion kPEPE (worth $11.3 million), as well as a long position in 130,566

($21,500), according to . The decision to go long on ETH came after Binance founder Changpeng Zhao (CZ) publicly disclosed his own ASTER purchases, which initially caused the token’s price to jump by 20% before falling back by the same amount, as reported by . By taking an opposite stance—shorting ASTER and ETH instead of following CZ’s optimistic outlook—the whale has accumulated nearly $100 million in unrealized profits across several digital assets, according to the Live News article.

The market’s response to CZ’s ASTER acquisition underscored the extreme price swings typical of crypto assets. Although ASTER initially soared to $1.26, it later slid to $0.84, wiping out gains for those holding long positions. The Anti-CZ Whale profited from this downturn, earning $21 million from ASTER shorts on Hyperliquid, as detailed in the Live Bitcoin News article. Crypto experts have commended the trader’s tactics, noting their effectiveness in managing both broad economic challenges and major incidents like the $120 million Balancer hack.

CZ explained that his ASTER purchase was motivated by a long-term investment perspective rather than short-term speculation, which differs from the whale’s assertive short-selling strategy. This contrast highlights the diverse and sometimes conflicting approaches within the crypto market, where individual traders may act independently of institutional or influencer trends. Despite a 3.75% market drop and rising fear levels reported by Live Bitcoin News, the Anti-CZ Whale’s $109 million ETH long position signals a strong belief in Ethereum’s future potential.