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If he's just rebalancing collateral/borrowing rather than selling, then that 4.4% might just be a panic move to give away money.
A big whale who bought 68.25M $ASTER (~$113M) at $1.66 seven months ago just deposited 34.62M $ASTER ($22.95M) into Aster 9 hours ago.
Following the deposit, #ASTER dropped 4.4%.
The whale still holds 24.25M $ASTER (~$15.92M) and is facing an unrealized loss of more than $67 million.
Quite a challenging situation for one of the largest holders.