Aster Drops 2.98% as Whales Accumulate 129.59 Million Tokens

Aster's latest price was $1.95, down 2.984% in the last 24 hours. This price movement has been accompanied by significant activity from whale wallets, with one wallet, 0xFB3B, withdrawing 6.34 million ASTER tokens from Gate.io. This move, combined with another whale's holdings, brings the total combined holdings to 129.59 million ASTER, valued at around $259 million. This amount represents 7.82% of ASTER’s total circulating supply, indicating a major concentration of tokens in the hands of just two large holders. The consistent accumulation of ASTER by these wallets suggests a strong belief in the token’s future upside. Large-scale withdrawals from centralized exchanges are often interpreted as bullish signals, implying that investors plan to hold the tokens long-term rather than trade them immediately. This behavior indicates growing confidence among whale investors, possibly due to upcoming developments in the ASTER ecosystem or broader market trends. However, while whale accumulation can be seen as a vote of confidence, it also raises concerns around centralization and price manipulation risks. If such a large portion of ASTER’s supply is controlled by only two wallets, it could make the token vulnerable to sudden price swings if those holders decide to sell. For now, however, the steady inflow of capital into ASTER suggests bullish momentum—and smaller investors are watching closely to see if these whale moves foreshadow a larger breakout.

In another development, MrBeast, the famous YouTuber known for high-profile projects and crypto experiments, has been accumulating ASTER tokens. On-chain data reveals that a wallet associated with the influencer has been steadily moving ASTER from exchanges into a newly established storage wallet. This recent buying spree added 538,384 tokens, signaling a strong interest in the token despite market volatility and increasing community discussions. The influencer’s activity has provided ASTER with increased visibility, particularly on the Aster perpetual futures DEX. Previously, MrBeast tried leveraged positions on ASTER and reportedly incurred losses near $20,000. His recent acquisitions were made at an average price of $1.87, indicating strategic accumulation rather than mere speculation. These moves have drawn attention from traders, analysts, crypto enthusiasts, and financial commentators tracking influential wallet activity closely. Following a broader downturn in the crypto market, ASTER slipped to $1.91. Despite this, trading volumes have remained near record levels, reaching $2.3 billion within 24 hours. The Aster DEX has seen continual growth, with vault holdings at $2.21 billion and daily fees hitting $16.36 million. The exchange now hosts over 770,000 active traders with a total user base surpassing 2.7 million, emphasizing sustained adoption, liquidity, and innovative trading features. The recent speculation around MrBeast’s wallet activity has fueled diverse theories. Some observers suggest he had no prior knowledge of ASTER and is experimenting with high-risk trades, while others question whether DEX trading anonymity could facilitate complex liquidity strategies. Regardless, the influence of both MrBeast and Binance founder Changpeng Zhao has given ASTER heightened attention and momentum in the market. While ASTER has paused its initial rapid price climb, the token continues to attract interest from both high-profile influencers and institutional traders. The accumulation by MrBeast may signal confidence in the project’s long-term potential, and the strong activity on Aster DEX reinforces the token’s position in the evolving crypto ecosystem with increasing decentralized adoption.

In other news, a blockchain wallet has drawn attention after accumulating $74.58 million in ASTER, marking a significant portfolio movement. The wallet balance rose 16.81% to $74,589,420.25, with ASTER driving nearly all of that growth. According to a post by Mr Whale on X, the wallet contains 33 million tokens, valued at $2.26 each. The token’s price recorded a 20.21% increase within the period, placing ASTER as the dominant holding. This surge brought the portfolio’s valuation higher, making the altcoin the central asset behind the current total. Other holdings are small compared to the aktcoin share. The address carries 8,151 USDC, equal to $8,151, with no change in value. Another stablecoin, USDT, shows 296.506 units worth $296.51, also reflecting no price movement. Ethereum is present in limited volume, with 0.228 ETH valued at $952.17. The portfolio remains heavily weighted toward ASTER, with stablecoins and ETH contributing only marginally. The 20.21% gain in the altcoin explains the wallet’s 16.81% overall increase, leaving other assets with little influence on performance. Tracking the ongoing price trend at the time of press, CoinMarketCap data reveals that ASTER’s price moved sharply over the past week, climbing 301.1% to trade at $1.99. The token’s strong advance placed its market capitalization at $3.29 billion, though that figure shows a 12.39% daily decline. Trading volume reached $2.74 billion in the last 24 hours, equal to 84.65% of its market capitalization. Circulating supply stands at 1.65 billion tokens, with the maximum supply fixed at 8 billion. The unlocked market capitalization is reported at $3.23 billion, while the fully diluted valuation is $15.92 billion. The number of holders reached 72,870, reflecting growing participation. Despite recent gains, daily movement shows price cooling after hitting higher levels earlier this week. ASTER’s recent trading activity indicates potential upside targets based on Fibonacci extensions. The two-hour chart displays the token moving above $2, with current price activity positioned near $2.04. The chart identifies resistance at the 1.618 extension near $2.42. Further levels are mapped at $3.10 for the 2.618 extension and $3.81 at the 3.618 extension. The highest extension noted on the chart is $4.49, aligning with the 4.618 level. Analysts tracking the chart have marked $4.50 as a bull case scenario if momentum continues. These Fibonacci extensions remain key technical levels under current trading patterns.

Aster recently corrected by about 28% from its late September peak before recovering to retest higher levels. This recovery now highlights the role of the $1.94 line, which provides stability for buyers seeking continuation toward $2.15. The rebound from the $1.77 region followed a period of choppy consolidation. The chart showed a descending phase earlier in the week, trimming nearly 28% from the highs near $2.70. That downtrend ended as buying volume reappeared near the lower boundary. Following the bounce, the market flipped above $1.94 and confirmed the zone as support. Notably, the reclaim has stabilized intraday sentiment, shifting the immediate priority higher. The support is now central for further momentum. The next hurdle remains at $2.15, the nearest resistance before higher technical targets. If sustained, the price could retest that zone within sessions. On the other hand, slipping below $1.77 would reintroduce downside risks and expose lower ranges again. As price trades around $1.94, the technical structure emphasizes the balance between these zones. Market is currently above the chop region and the short-term orientation is subject to the sustainability of the emerging support. The support and the resistance of the price still lie within the boundaries of the $1.77 and the resistance of the price at 2.15, which determine the future movement.

Aster has recently achieved notable recognition as the second-largest protocol by daily earnings, surpassing Circle and trailing only Tether in 24-hour revenue generation. This milestone highlights the platform's significant capacity for revenue production compared to other established players in the cryptocurrency space. Building on this success, the Aster protocol marked a significant event late in September 2025 with its Token Generation Event (TGE). This launch garnered substantial initial user adoption, attracting an influx of 330,000 unique wallets within the first 24 hours. Furthermore, the event demonstrated strong user commitment, driving the platform's Total Value Locked (TVL) to peak at $1.005 billion. Amidst this positive momentum, notable trader activity has emerged. Trader James Wynn has publicly returned to the cryptocurrency markets, specifically engaging with the Aster token through a new leveraged position. Wynn initiated a substantial 3x leveraged long on Aster, valued at over $16,000. His focus appears aligned with anticipated ecosystem benefits, specifically targeting a significant potential airdrop. Market chatter concerning relationships with major exchanges also surfaced recently. Binance CEO Changpeng Zhao, known as CZ, directly addressed ongoing speculation to clarify the status. He explicitly confirmed that Binance holds no official role or affiliation with the Aster Decentralized Exchange (DEX), dispelling circulating rumors. Collectively, these developments signal considerable ecosystem expansion and increasing institutional interest in Aster. The platform's progress includes deploying institutional-grade tools and diversifying its collateral options, positioning it to function effectively as a bridge connecting decentralized finance (DeFi) with traditional financial services. This combination of technological infrastructure and strategic positioning underpins Aster's trajectory within the competitive landscape.