Aster has come under heavy selling pressure after an abrupt price spike triggered by Changpeng Zhao’s comment on Sunday, in which the Binance founder publicly stated he bought ASTER with his personal funds. The comment initially sent the token sharply higher as traders reacted to the endorsement, but the rally was short-lived. As broader market weakness intensified and Bitcoin and Ethereum led a widespread downturn, ASTER retraced aggressively, erasing most of its post-announcement gains. Related Reading: Whale Piles Into ASTER Shorts After CZ’s Comment – $52.8M On the Line The reversal has fueled speculation that speculative flows are unwinding just as risk appetite evaporates across crypto. Major assets are under pressure, with BTC losing key support zones and ETH sliding alongside broader altcoins, creating a challenging environment for any token attempting to sustain upside momentum. At the same time, on-chain data from Lookonchain reveals a striking development: the Anti-CZ Whale — a trader who aggressively shorted ASTER immediately after CZ’s post — is now sitting on over $21 million in unrealized profit across two wallets. The whale continued adding to their position as retail excitement peaked, and with the price now sharply lower, the trade is paying off dramatically. The dynamic underscores elevated volatility and uncertainty, reinforcing that market sentiment remains fragile despite isolated bullish triggers. Whale Expands Winning Bet Across Majors as Market Stress Deepens According to Lookonchain, the Anti-CZ Whale’s aggressive positioning extends far beyond Aster. The same trader who built a large ASTER short immediately after Changpeng Zhao’s post is also shorting DOGE, ETH, XRP, and PEPE — and every single position is currently in profit. On Hyperliquid, his combined unrealized gains now sit close to $100 million, making this one of the cycle’s most profitable orchestrated short campaigns. The scale and accuracy of these trades highlight a sophisticated strategy targeting momentum shifts across major assets, not just isolated tokens reacting to social sentiment. This development arrives at a fragile moment for the broader crypto market. Bitcoin has broken below key support zones, Ethereum continues to slide, and altcoins are selling off aggressively as liquidity withdraws and sentiment turns defensive. In this environment, leveraged traders and forced sellers are adding fuel to downside volatility, creating an environment where outsized short positions can thrive. The whale’s gains underscore the market’s critical phase — a period where speculative excess is being flushed out and only disciplined positioning is rewarded. Whether this marks the prelude to a deeper capitulation or the final shakeout before recovery will depend on how quickly market demand returns to absorb selling pressure. Related Reading: Balancer Protocol Sees $70M Exit In Suspected Crypto Exploit ASTER Price Analysis: Weak Structure Persists as Sellers Maintain Control Aster continues to trade under heavy pressure, and the 8-hour chart reinforces a clear bearish structure despite brief spikes in volatility. Following CZ’s comment and the initial price reaction, ASTER saw a sharp spike higher, but that move quickly faded as sellers regained control. The token failed to break above the short-term moving average trend line, signaling that momentum remains firmly to the downside. The rejection near the $1.20 region and the subsequent selloff back toward the $0.90 zone highlight how fragile bullish attempts currently are. Every bounce is being met with distribution, suggesting that short-term participants are using strength to exit rather than accumulate. Volume also confirms this narrative — the strongest bars appear on red candles, showing aggressive selling dominance. Related Reading: Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip – Details The price is now hovering just above a key support area formed in late September. Losing this level could open the door for a deeper retrace toward the mid-$0.80 and potentially $0.70 support zones if market weakness persists. For ASTER to reclaim any bullish structure, it needs to recover above the 50-period moving average and establish higher lows — something it has failed to do for weeks. Featured image from ChatGPT, chart from TradingView.com
A sudden disclosure by Binance founder Changpeng Zhao set off a sharp move in Aster’s token price and trading patterns. Related Reading: Forget Billions—XRP Could Hit Trillions, Leading Expert Says According to reports, Zhao said he personally owns just over 2 million ASTER tokens — a holding that has been valued at about $2.5 million in coverage of the event. That admission prompted a rapid buying wave and heavy media noise, with traders and observers trying to sort what the move means for the project and the broader4 market. Aster Trading Activity On Fire As Price Rises Based on reports, ASTER climbed from roughly $0.91 to a peak near $1.26 on the day the disclosure hit newsfeeds. Volume also surged: one snapshot put 24-hour turnover at around $224 million before the announcement and at more than $2 billion afterward. Platform metrics moved too; total value locked on the Aster system reached about $1 billion dollars in recent updates. Market watchers pointed out that those jumps happened within hours of Zhao’s statement, pushing the token into headlines and onto many traders’ watchlists. Full disclosure. I just bought some Aster today, using my own money, on @Binance. I am not a trader. I buy and hold. pic.twitter.com/wvmBwaXbKD — CZ ???? BNB (@cz_binance) November 2, 2025 Supply Concerns And Background Ties Reports have disclosed that Aster’s circulating supply stands at about 2 billion tokens while total supply is 8 billion. That gap has raised alarms among analysts who say future token unlocks could add selling pressure. At the same time, discussion has grown about whether Zhao’s stake represents a purely personal bet or something tied to past venture ties, like connections to YZi Labs (previously Binance Labs). Some community voices welcomed the vote of confidence, while others urged caution and more disclosure about timing and intent. Whales, Shorts And The Need For Transparency Traders already placed big bets in both directions after the pop. Some large holders were reported to be taking profits, while short sellers were opening positions on the belief that the rally could be fleeting. Based on reports, competition with other derivatives and exchange projects — names like Hyperliquid were mentioned in analyst commentary — will test whether Aster can keep user interest beyond the headlines. Observers also flagged that massive daily volume spikes are often followed by quick retracement if underlying usage does not grow. Related Reading: XRP’s Next Earthquake: Billions Set To Flow In, ‘Supply Shock’ Coming—Analyst Volume, Unlock Schedules, And Product Signals Investors and reporters will be watching three main things: whether high trading volume holds up, how many tokens are set to unlock and hit markets, and whether the project builds real, steady user activity on its platform. According to current data, those variables will likely determine if this move becomes a lasting repricing or a short-lived event. Featured image from Gemini, chart from TradingView
Aster (ASTER) has seen heightened volatility in recent sessions as broader market selling pressure weighs on altcoins and investor sentiment remains fragile. Yet in the midst of this downturn, the token drew unexpected attention when Changpeng Zhao (CZ) — Binance’s former CEO — posted on X that he personally bought ASTER using his own funds directly on Binance. The comment immediately sparked debate across the crypto community, with some viewing it as a confidence signal and others treating it with caution given current market conditions. Related Reading: Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip – Details However, not all major traders share the bullish view. Shortly after CZ’s post, notable on-chain whale 0x9eec increased a bearish positioning, adding significantly to an already large ASTER short position. This divergence between a high-profile buyer and a whale doubling down on shorts has injected further uncertainty into the market narrative surrounding ASTER. Price action remains choppy as traders weigh institutional behavior, community influence, and market structure. With sentiment split and volatility rising, ASTER finds itself at the center of a tug-of-war between speculative confidence and defensive positioning — a dynamic that could define its near-term trajectory. Whale Bets Against Aster Despite CZ’s Public Support Aster finds itself at the center of an unusual market disconnect, where public sentiment and whale activity are pulling in opposite directions. According to Lookonchain data, shortly after CZ publicly stated that he bought ASTER with his own funds, an influential on-chain trader took the opposite stance. Wallet 0x9eec, a whale known for large directional plays, has been aggressively increasing his ASTER short exposure, signaling skepticism about the token’s near-term performance. The address now holds 42.97 million ASTER in shorts, currently valued at approximately $52.8 million, with a liquidation price set at $2.091. This is a significant position that clearly reflects conviction — and raises questions across the market. While CZ’s comment boosted visibility and briefly stirred bullish chatter, this whale’s response appears to embody professional skepticism, positioning for downside rather than momentum continuation. This divergence between symbolic insider confidence and quant-driven bearish positioning highlights a broader dynamic in the current market. Retail participants often react quickly to influencer commentary, while large traders lean on order flow, funding dynamics, and liquidity structure. With Aster trading in a volatile environment and crypto markets under macro pressure, whales appear more focused on risk management and price structure than narrative. The fact that such a large short exists, and continues to grow, suggests that sophisticated players anticipate either further correction or a liquidity event before a sustainable upside move. For traders, the key will be watching whether ASTER approaches the whale’s liquidation zone — a level that could create violent short-covering if reclaimed — or whether the market continues to follow the whale’s thesis and slides lower. Related Reading: Bitcoin Point Of Control Sits At $117K – Key Battle Zone For Bulls ASTER Downtrend Intact Below Key Moving Averages Aster’s price action on the 4-hour chart shows continued weakness despite a brief volatility spike triggered by CZ’s announcement. The token remains in a clear downtrend, consistently trading below the 50-day and 200-day moving averages, signaling that bearish momentum still dominates. The sharp bounce toward $1.25 quickly faded, with sellers stepping in almost immediately and pushing the price back toward the $1.00 zone. This reaction suggests that the rally was driven more by short-term sentiment following CZ’s mention than by sustained demand. The failed breakout attempt also highlights how fragile confidence is in the current market environment. The moving averages are sloping downward, reinforcing a bearish structure, and price has yet to reclaim key resistance levels around $1.20–$1.30, which would be required to signal any meaningful trend reversal. Volume spiked during the recent move, indicating aggressive positioning — likely tied to short buildup from whales, as seen in on-chain data. Related Reading: Bitcoin Records Over $300B Spot Volume In October – Investors Shift Away From Leverage Right now, the $0.95–$1.00 range appears to be acting as immediate support, but if selling persists, a deeper retracement toward prior liquidity zones cannot be ruled out. For bulls to regain control, Aster must reclaim the 50-day MA and hold above it with sustained volume. Until then, caution remains warranted, as price structure favors sellers and broader market sentiment remains fragile. Featured image from ChatGPT, chart from TradingView.com
Aster, the decentralized perpetuals exchange with backing from Binance founder Changpeng Zhao, generated more revenue than Tether in the last 24 hours. According to DeFiLlama data, Aster ranked as the highest revenue-generating protocol in the past 24 hours, surpassing Tether and Circle, the two leading stablecoin issuers. Over the last week, the exchange recorded roughly […]
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Aster started gaining significant traction after its token launch and subsequent endorsement from Binance co-founder Changpeng Zhao.
Aster Exchange said it has reimbursed users after a sudden price glitch sent the XPL perpetual contract soaring and wiped out leveraged positions. Related Reading: Dogecoin Bullish Again? $10 Million Stock Buyback Sparks Fresh Price Hopes According to reports, the contract’s mark price briefly decoupled from markets on September 25, 2025, jumping from about $1.30 to nearly $4 on Aster while XPL elsewhere stayed near $1.30. The mismatch forced mass liquidations on the platform. Aster Issues Refunds According to Aster’s public messages and follow-up reports, the exchange moved fast to cover losses. Refunds were paid in USDT to accounts hit by the abnormal moves. A second round of payments covered trading and liquidation fees as well. One analysis put the total reimbursements at about $16.6 million, though figures vary across sources. Reports say many affected traders received compensation within hours of the incident being acknowledged. Compensation for the XPL perp incident has now been fully distributed. All affected users have received reimbursement directly in USDT to their accounts. We appreciate your patience and understanding throughout this process. For any further questions, please submit a ticket via… https://t.co/Wp0en9vm44 — Aster (@Aster_DEX) September 26, 2025 Faulty Index And Cap Settings Based on reports, the underlying problem was a configuration error tied to the contract’s index and price cap. The index had been hard-coded at $1 during the token’s pre-launch setup, and a mark price cap near $1.22 was in place to limit swings. TLDR on Aster $XPL Situation: > Index price was hardcoded to $1 > Mark price was capped at $1.22 > When they removed the price cap, it spiked to $4 while prices remained stable on other exchanges This was a result of gross negligence on the exchange operators. No exploits/etc. https://t.co/e8xR01FLY9 pic.twitter.com/hCdj2bvua1 — Guthix ???? (@GuthixHL) September 25, 2025 That cap was lifted before the index was corrected, allowing the Aster mark price to run away from external market prices. As a result, positions were liquidated on the platform even though the broader market showed no similar spike. The event left a sting for some traders. Large liquidation losses and fees hit accounts that were long or short with leverage. Some users reported lingering questions about margin points and trade history even after reimbursements landed. At least one report indicated that Aster reported all client funds as SAFU and that full internal procedure review was promised. Community Response And Further Steps According to social media reports, the response was divided. Some traders complimented the immediate refunds, describing the action as restoring short-term confidence. Related Reading: When Will XRP Reach $25? Bitcoin Investor Shares A Bold Prediction Some called for stricter screening and more explicit communication. Industry watchers pointed to the incident as a reminder that both decentralized and centralized platforms can fail when index feeds, caps, or other safety switches are misconfigured. On-chain traces and transaction receipts for refunds were suggested as ways to confirm that reimbursements were completed. Aster’s handling avoided a prolonged user revolt, but the incident highlights a simple point: small code or setting mistakes can cause big money moves. Exchanges will likely face fresh questions about testing, pre-launch checks, and how quickly safeguards can be re-enabled. Featured image from Unsplash, chart from TradingView
Aster has been in the spotlight since last week, drawing intense attention as the broader crypto market shifted into a corrective phase. Launched on September 17, the token has staged an extraordinary rally, surging by more than 6,000% in just days—a move that has quickly established it as one of the most talked-about projects in the industry. Traders and investors worldwide have taken notice, with many pointing to Aster’s rapid rise as a reflection of the strong appetite for innovative projects in decentralized finance. Related Reading: Ethereum OI Suffers Its Biggest Cleanup Since Early 2024 – Details What sets Aster apart is that its surge isn’t solely speculative hype. The project is backed by Yzi Labs (formerly Binance Labs) and enjoys the public endorsement of former Binance CEO Changpeng “CZ” Zhao, lending credibility and visibility from the start. Positioned as a direct competitor to established perpetual DEXes, Aster has the backing and branding to carve out a significant share of the market. However, the rally has not been without turbulence. After reaching its all-time high (ATH) on Wednesday, ASTER has retraced more than 28%, highlighting the volatility that often follows parabolic moves. As the market recalibrates, the coming days will reveal whether this correction is a healthy reset or a warning of deeper pullbacks. MrBeast’s ASTER Purchase Sparks Debate Among Traders Aster’s meteoric rise has gained another twist with a surprising development reported by Lookonchain: MrBeast, one of the most influential YouTubers and internet personalities, has stepped into the ASTER market. According to on-chain data, MrBeast bought 538,384 ASTER, valued at roughly $990K, over the past three days. He facilitated the purchase through two wallets—his public address (0x9e67) and a newly created one (0x0e8A)—after depositing 1M USDT into the ecosystem. Based on calculations, his average entry price is around $1.87, placing him in profit despite ASTER’s recent volatility. For some traders and investors, MrBeast’s entry is a bullish signal. The reasoning is straightforward: having a major global influencer publicly associated with ASTER could further boost its visibility, adoption, and speculative interest. His reach, spanning millions of followers across platforms, could act as a catalyst for sustained hype and liquidity inflows. However, not everyone sees this development positively. Certain analysts view such big-name entries as potential “top signals.” They argue that when mainstream figures publicly buy into rapidly surging assets, it often marks the peak of speculative mania rather than the beginning of further gains. Regardless of the debate, one fact remains: MrBeast’s involvement has fueled the already intense buzz surrounding ASTER. Whether this marks the beginning of a new growth phase or a cautionary moment, the hype cycle continues to dominate market sentiment. Related Reading: 11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle? Price Analysis: Consolidation Around Key Levels ASTER is currently trading around $1.84, showing signs of stabilization after a sharp pullback from its recent highs above $2.40. The 1-hour chart highlights how selling pressure intensified following the peak, with a sequence of lower highs confirming short-term weakness. However, the token has managed to hold near the $1.80–$1.85 zone, where the 50 EMA (green line) is now acting as a dynamic support level. Trading volume spiked notably during sell-offs, suggesting aggressive profit-taking fueled the correction after ASTER’s parabolic surge since launch. Despite this, recent candles display shrinking volume, which often indicates that bearish momentum is fading. If bulls can defend the current range, a consolidation phase could set the stage for a potential recovery. Related Reading: Ethereum Accumulator Addresses Inflows Explode: 400K ETH Added In 24H Despite Selloff On the upside, ASTER faces immediate resistance near $1.95–$2.00, aligned with the declining 200 EMA (blue line). A break and close above this level would strengthen the case for a rebound toward $2.20. Conversely, failure to hold above $1.80 could open the door to deeper losses, with support at $1.60. Featured image from Dall-E, chart from TradingView
The road ahead for Hyperliquid does not look so bright. In fact, the decentralized trading platform could face lots of tribulations, “painful” ones, according to an expert. Related Reading: Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy Aster, a new DEX built on the BNB Chain, has grabbed market attention this week after a dramatic price surge and heavy on-chain flows. Traders and observers say the token’s spike has shifted capital away from established rivals, while heated commentary from a high-profile trader has added to the drama. Aster Surpasses Rivals In Volume And Revenue According to on-chain trackers, Aster’s 24-hour perpetual trading volume has climbed into the tens of billions, with figures reported around $23–$30 billion — more than double what Hyperliquid recorded over the same window. Reports have disclosed that the DEX is now pulling in roughly $10 million in daily revenue, a figure that some outlets say is about four times Hyperliquid’s daily take. Trader Claims And A Public Feud Crypto trader James Wynn — a figure known for large leveraged bets and big losses earlier this year — has publicly backed Aster and predicted a long, slow decline for Hyperliquid. Furthermore, CZ will not stop until $ASTER is #1. He loves competition, he loves building and he is obsessed with winning. Hype will exist, but it will have a slow and painful death in my opinion. With Aster already doing more volume than HL. And with Aster being the better… https://t.co/VhncTh28od — James Wynn (@JamesWynnReal) September 24, 2025 Wynn’s comments, carried across social channels, have been part boast and part critique of Hyperliquid’s visible order model. He argued that Aster’s hidden-order and MEV-mitigation features make it a safer place for large players. Based on reports, Wynn said “Hype will exist, but it will have a slow and painful death,” a line that has amplified the rivalry online. Whale Accumulation And Big Withdrawals On-chain analytics show major wallets moving into ASTER. Two large buyers are reported to have picked up about 118 million ASTER, valued at roughly $270 million, which is said to represent about 7% of circulating supply. In the same stretch, a cluster of wallets withdrew 68 million ASTER (about $156 million), and one address moved 50 million ASTER from an exchange. These flows suggest both aggressive accumulation and repositioning by big holders. Aster’s Product Pitch Versus Hyperliquid’s Response Reports emphasize Aster’s features: MEV-free execution, hidden orders that keep limit sizes private, and trading interfaces pitched at both retail and pro users. Related Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More That product story helps explain why some traders are rotating capital. Hyperliquid has not stood still; it has rolled out measures such as a USDH stablecoin and other moves meant to shore up liquidity and product breadth. Market data show HYPE has fallen from recent peaks — with declines reported near 25% from its highs — as money rotated into ASTER. Featured image from SleepApnea.org, chart from TradingView
Creditors of the collapsed crypto exchange FTX are facing another round of fraud, this time through a fake airdrop scheme. Sunil Kavuri, a popular FTX creditor advocate, warned on Sept. 24 that community members are being targeted with phishing emails exploiting information stolen in the Kroll data breach. Kavuri shared a screenshot of the message, […]
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Aster has been making waves across the crypto market after reaching a fresh all-time high of $2.34 just hours ago. Since its launch on September 17, the token has surged by more than 6,000%, an extraordinary move that has captured the attention of traders and investors worldwide. The explosive rally underscores the growing momentum behind Aster, which positions itself as a decentralized perpetual exchange aiming to disrupt the sector. Related Reading: Bitcoin Net Liquidations Stay Negative Near $40M: Analyst Warns Downside Still In Play The token’s rise is not just a speculative event—it comes backed by Yzi Labs (formerly Binance Labs) and carries the public endorsement of former Binance CEO Changpeng “CZ” Zhao, giving it credibility and visibility from day one. This combination of institutional support and high-profile advocacy has accelerated adoption and fueled confidence in Aster’s potential to challenge established platforms. Despite its sharp gains, Aster’s price action reflects the volatility typical of newly launched tokens, with investors closely watching whether it can sustain momentum and establish a stable range. Market participants are now debating whether this breakout signals the start of a long-term trend or a short-lived speculative frenzy. Either way, Aster has positioned itself as one of the most closely watched tokens of the moment. Technical Setup And Market Outlook Top analyst Big Cheds recently shared a technical perspective on Aster, highlighting a notable shift in market structure. According to him, the token displayed a hammer candle earlier this week, a classic reversal signal that suggested a potential bottom. Since that moment on Monday, Aster has followed through impressively, surging more than 70% and printing a new all-time high. This sequence of technical signals confirms not only the validity of the setup but also the strength of buying momentum behind the token. The hammer candle, followed by decisive upward action, signals a trend shift that traders often interpret as the beginning of a sustained rally. This strong follow-through shows that market participants are willing to accumulate Aster aggressively, even in the face of broader market volatility. However, the coming days will be crucial. The crypto market is entering a cautious phase, with liquidity tightening and altcoin volatility increasing. Against this backdrop, Aster’s ability to maintain momentum will be tested. As a direct competitor of perpetual DEX leaders like Hyperliquid and newer challengers such as Avantis on Base, Aster faces a demanding path forward. Yet, with strong technical signals and growing community backing, analysts suggest Aster could be positioning itself for significant expansion in the coming months. Related Reading: Bitcoin Short-Term Holders Capitulate: 30K BTC In Realized Losses Over 24 Hours ASTER Price Analysis: Bullish Momentum Holds Aster (ASTER) continues to show impressive strength as it consolidates near its new all-time highs. The hourly chart highlights a steady bullish structure, with price currently trading around $2.27, just below the recent peak of $2.34. Importantly, ASTER has maintained its position well above the 50 EMA ($1.85), signaling ongoing buyer dominance and strong support from trend-following participants. After the initial surge and short-term retracement earlier this week, ASTER established higher lows, showing that demand quickly absorbed selling pressure. The recent push above $2.20 confirms follow-through buying, reflecting renewed confidence and momentum in the market. This pattern suggests that traders are actively accumulating at pullbacks, reinforcing the bullish outlook. Related Reading: Crypto Leverage Whipeout: $600M+ In BTC & ETH Longs Liquidated Volume trends support this momentum, with bursts of activity accompanying upward moves, while corrections have seen lighter selling pressure. As long as ASTER holds above the $2.00 psychological level and the $1.85 EMA, the bullish trend remains intact. A break above $2.34 could open the door to another leg higher, while failure to defend $2.00 would risk a deeper correction. Featured image from Dall-E, chart from TradingView
ASTER, the native token of the decentralized perpetual exchange Aster, officially launched last week and immediately made waves across the crypto market. Backed by Yzi Labs (formerly Binance Labs) and carrying the public endorsement of former Binance CEO Changpeng “CZ” Zhao, the token quickly drew massive attention from traders and investors. Related Reading: Tron Integration Marks Next Phase Of PayPal USD’s Multi-Chain Growth – Details Upon launch, ASTER surged to nearly $1.94, sparking excitement around its potential to rival leading decentralized derivatives platforms. However, the enthusiasm was quickly tested as the token dropped 33% to lows of $1.33 within days, reflecting the volatility often seen in new market entries. Despite this sharp correction, ASTER has since stabilized and recovered to trade around $1.57, showing early signs of resilience. With CZ’s visible support and Yzi Labs’ backing, Aster positions itself as a formidable competitor to Hyperliquid in the decentralized perpetuals sector. The project’s narrative of combining deep liquidity, advanced trading infrastructure, and a strong ecosystem presence is already attracting both retail and institutional attention. Aster’s Setup And Competitive Outlook Top analyst Big Cheds recently shared a technical perspective on Aster, pointing to a bullish signal forming on the 1-hour chart. According to his view, ASTER printed a hammer candle with notable volume at the lower Bollinger Band breach, right near the 50-period simple moving average (SMA). This type of setup often suggests strong accumulation at support levels and can serve as a precursor to a rebound. For traders, the combination of a lower BB breach and hammer formation indicates potential exhaustion of selling pressure and the possibility of renewed upside momentum. The timing of this technical development is crucial. The broader crypto market has entered a volatile phase following aggressive selloffs across Bitcoin, Ethereum, and other major altcoins. While many tokens are struggling to recover, analysts argue that Aster is carving out a unique position, benefiting from strong institutional backing and favorable technical patterns. This resilience has led some to view ASTER as one of the more compelling short-to-midterm plays in the altcoin market. Beyond technicals, Aster’s fundamentals add weight to this outlook. Positioned as a direct competitor to Hyperliquid, Aster is aiming to capture market share in the growing decentralized perpetuals sector. Backed by Yzi Labs and publicly supported by CZ, its ecosystem growth potential is considerable. Analysts believe that if momentum continues, Aster could see accelerated adoption, supported by both speculative interest and long-term infrastructure development. Related Reading: Crypto Leverage Whipeout: $600M+ In BTC & ETH Longs Liquidated ASTER Price Analysis: Technical Levels To Hold The 1-hour chart of ASTER/USDT highlights the token’s volatile but constructive price action since launch. After an explosive surge to nearly $1.94, the price corrected sharply, retracing to the $1.33 level before finding support. The recent bounce has seen ASTER recover to around $1.49, signaling that buyers remain active at lower levels despite ongoing volatility. The chart shows that ASTER is consolidating just under the 50-period simple moving average (SMA), currently near $1.51. This moving average has acted as both resistance and guidance for short-term momentum, meaning a decisive break above could trigger renewed upside momentum. Conversely, rejection here could lead to another retest of the $1.40–$1.33 support zone. Related Reading: Tron Integration Marks Next Phase Of PayPal USD’s Multi-Chain Growth – Details Candlestick patterns also suggest uncertainty, with repeated long wicks on both ends reflecting tug-of-war behavior between bulls and bears. However, the ability of ASTER to hold above $1.40 during periods of selling pressure indicates resilience. Featured image from Dall-E, chart from TradingView
Arthur Hayes, chief investment officer at Maelstrom and co-founder of BitMEX, sold 96,600 Hyperliquid (HYPE) tokens for roughly $5.1 million, less than three weeks after his bullish prediction about the asset. Over the weekend, reports emerged that the crypto entrepreneur sold his entire stash of the decentralized exchange platform’s native token, sparking concerns about his […]
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Aster’s native token, ASTER, surged 1,650% in its first 24 hours of trading and reached $0.528, according to platform reports. Related Reading: FalconX Moves 413K Solana Worth $98M – Impact On SOL Price Trading volume for the token in that window was listed at $345 million, and the launch reportedly drew 330,000 new wallets. Rapid User Growth And Liquidity According to on-chain data and platform disclosures, Aster’s total value locked jumped from $660 million to $1 billion shortly after launch. The platform claims total users of 1.848 million, with seven-day new user additions hitting 617,379. Reports show daily figures of 53,332 new users and $1.50 billion in 24-hour trading volume. The debut also included a Binance Alpha listing within hours and new perpetual markets introduced with up to 50x exposure across four assets. Platform income was reported at $466,838 for a day and $49.2 million in total earnings to date. A significant first step for $ASTER on BNB Chain. • $345M traded in 24h • Price reached $0.528 (~1,650%) • 330K new wallets joined • TVL $660M → $1.005B • Platform volume near $1.5B Thanks to our community for the trust and support. We’ll keep focusing on building an open… pic.twitter.com/cgPlwb2FVh — Aster (@Aster_DEX) September 18, 2025 Feature Rollouts And Trading Tools Based on reports, Aster moved quickly to enable spot withdrawals earlier than planned, using BNB Chain with a quoted 30-second processing time. The team activated ASTER/USDT perpetuals with four-times margin and hourly funding rate settlements. The platform also introduced a Genesis Stage 2 scoring program that rewards more than just raw trading volume, aiming to favor what it calls “smart traders.” Top users have been reported to show realized gains greater than $645,000 in early trading sessions. Technical Features And Security Aster has positioned itself as a multi-chain protocol with native support across BNB Chain, Ethereum, Solana, and Arbitrum, removing the need for manual bridging for many flows, according to technical notes. The protocol uses zero-knowledge proofs on its own Aster Chain for trade validation and taps Pyth Network oracles for price feeds. Reports show the platform uses collateral tokens like asBNB and USDF that can be staked to earn yield while remaining active in trading. Related Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More Strong Endorsement Meanwhile, platform data listed $517 trillion in cumulative trading volume and close to $450 million in total TVL. Much of Aster’s surge can be tied to the strong backing of former Binance CEO Changpeng Zhao. His public endorsements, where he compared the platform’s liquidity to “Binance level” and praised the team’s execution, have played a major role in drawing attention and capital to the project. Featured image from Unsplash, chart from TradingView
Binance founder Changpeng Zhao has backed Aster (ASTER), a new decentralized derivatives platform that aims to challenge Hyperliquid’s dominance in the sector. In a Sept. 19 post on X, Zhao revealed that Aster had become the largest holder of BSC-USDT, apart from Binance’s own hot wallet. According to Arkham Intelligence data, Aster’s wallet holds $131 […]
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