Aster Surges 9.7% as Whales Close Shorts, New Fee Policy Boosts Utility

Aster's latest price was $1.57, up 9.698% in the last 24 hours. On September 22, 2025, several significant events unfolded in the Aster market, capturing the attention of traders and investors alike. The day began with the closure of multiple short positions on Aster, which generated substantial realized profits. According to Lookonchain data, the largest short position closed involved 150,000 units, resulting in a profit of $13,123.37. This was followed by a series of 50,000-unit trades, each producing profits above $4,200. The collective realized profit from these short positions exceeded $80,000. Notably, during this period, long positions in PUMP recorded zero profit, with closed PnL at $0.00.

Later in the day, whale activity emerged, involving large inflows and withdrawals across wallets 0xAF37 and 0x2204. Wallet 0xAF37 received 3.833 million Aster tokens, while wallet 0x2204 obtained 3.303 million tokens. Combined, both wallets secured 7.14 million tokens. Before receiving Aster, both wallets deposited large sums into Aster contracts. Wallet 0xAF37 transferred 1.5 million USDT in two installments, along with smaller USDT and USDC deposits. Similarly, wallet 0x2204 recorded transfers of 1 million USDT, two additional deposits of 500,000 USDT, and 665,337 USDT. The coordinated inflows were followed by token withdrawals into the two wallets, consolidating 7.14 million Aster. The timing of the deposits and withdrawals confirmed a structured sequence of fund allocation and token acquisition.

On September 23, 2025, BlockBeats News reported that the address 0x6386 withdrew 1.1 million USDC from Hyperliquid and deposited it into Aster, then purchased 726,296 Aster tokens. This move highlighted the continued interest and activity in the Aster market.

On September 22, 2025, the Aster team updated their documentation, introducing a new fee policy aimed at increasing the altcoin’s utility and attracting potential investors. The new policy allows users holding Aster to incur lower fees for transactions conducted on the platform. For traders who frequently engage in transactions, fees constitute a substantial expense, and this strategic move by the team could benefit large investors and positively impact the token’s growth. The policy states that when users pay perpetual trading fees with Aster tokens, they can save 5% on perpetual trading fees. Users can deposit Aster into their perpetual wallet, and it will be used to pay fees by default. Additionally, users can transfer Aster tokens from their spot account to their perpetual account to take advantage of the discount.

This new fee policy not only enhances the coin’s utility but also attracts potential investors by reducing transaction costs. This strategic move by the Aster team showcases their commitment to fostering long-term growth and stability for the token. As more investors become aware of these benefits, the demand for Aster Coin may increase significantly. With substantial backing and strategic decisions, Aster Coin is well-positioned to make a mark in the competitive world of cryptocurrencies. As the market continues to evolve, Aster’s unique approach to fee reduction aims to provide a compelling value proposition for existing and prospective users.

On September 21, 2025, YouTuber James Stephen “Jimmy” Donaldson, popularly known as MrBeast, reportedly lost $20,000 while trading the Aster Token. According to on-chain data provided by Arkham Intelligence, MrBeast transferred $114,000 to Aster, the decentralized perpetual exchange. A user on X, Bastille, noted that MrBeast closed his long position in Aster token on September 21, 2025. The trade did not favor him, as the token crashed by almost 30% from its high, leading MrBeast to a loss of $20,000. Many crypto analysts called it a financial misstep, underscoring the volatile nature of cryptocurrencies. This is not the first time MrBeast has dabbled in crypto as his wallet shows a lot of buying and selling activity. Additionally, earlier this year, he was also involved in a rumor around launching his own memecoin, which was later clarified by him to be false.

The Aster token has recently garnered significant attention following a high-profile endorsement from Binance's Changpeng Zhao (CZ), substantially increasing its market visibility. Major cryptocurrency exchange Bybit officially listed Aster and simultaneously launched a new reward campaign, further validating the token's position within the exchange ecosystem. Alongside the listing, Bybit also publicly refuted rumors regarding a $1.5 billion hack, ensuring market stability.

Notably large investors, often referred to as "whales," have demonstrated considerable activity involving Aster. Transactions exceeding $10 million were tracked on-chain within a 24-hour period, indicating substantial movement of holdings. Analysts observed sophisticated trading strategies among these large holders, including leveraging cross-chain opportunities and funding rate arbitrage. This level of engagement from significant players underscores the complex market dynamics surrounding Aster.

Community participation surged significantly through a large-scale airdrop initiative administered by YZi Labs, an entity linked to Binance Labs. This event facilitated over 330,000 new wallet interactions in a single day, markedly expanding the token's user base and fostering greater ecosystem involvement. The successful execution of this airdrop highlights the project's ability to attract and engage a broad participant network.

Development milestones show Aster establishing a multi-chain decentralized exchange infrastructure. The project has successfully deployed across several major blockchains, including BNB Chain, Arbitrum, Ethereum, and Solana, achieving a Total Value Locked (TVL) surpassing $346 million. This multi-chain expansion signifies robust technical progress and signals growing confidence in its infrastructure among participants.

Looking ahead, the Aster project announced the upcoming conclusion of its Genesis Stage 2 event on October 5, 2025. This phase allows users to continue trading and earning Rh Points, with a designated allocation of 4% from the total Aster token supply earmarked for rewards within this stage. The project continues to develop its ecosystem through these structured participation phases.