The crypto market has been buzzing as whales continue to pour millions into ASTER, the native token of the decentralized derivatives exchange Aster.
Blockchain analytics firm Arkham Intelligence revealed that in the last 24 hours alone, three whale wallets added 31.26 million ASTER, valued at $61.64 million. This wave of accumulation highlights growing confidence among big investors in the token’s long-term potential.
Massive Whale Accumulations of ASTER
One wallet, labeled 0xFB3B, deposited about $73.95 million in USDT to the crypto exchange Gate.io. Hours later, the same wallet withdrew 24 million ASTER, worth $46.56 million. This suggests a large-scale conversion strategy, turning stablecoins into ASTER.
Another significant purchase came from wallet 0x5e30, which spent 1,090 BNB (approximately $1.11 million). With this investment, it acquired 549,194 ASTER at an average cost of $2.02 per token.
Adding to the frenzy, a newly created wallet, 0x5bd4, entered the market with a major buy. The wallet purchased 6.72 million ASTER, valued at $13.97 million, directly from the Bybit exchange at 02:59:13 UTC today.
All three whale wallets now hold ASTER as their largest position, signaling strong conviction over short-term speculation.
ASTER Price Surge Breaks Records
This whale-driven activity has had a direct impact on the token’s market performance. Over the past day, ASTER surged 34.47%, hitting a new all-time high of $2.25.
The rally has pushed ASTER’s total market capitalization to $3.72 billion, cementing its place as the 36th largest cryptocurrency in the world.
From Pennies to Billions: ASTER Explosive Debut
ASTER’s journey has been nothing short of extraordinary. The token was launched on September 17, 2025, at its token generation event (TGE), priced at just $0.02.
In under seven days, the token’s value skyrocketed by more than 10,000%, making it one of the fastest-growing assets in the industry. For early backers, this represents life-changing returns. For the wider market, it highlights how quickly new projects can gain traction when supported by the right mix of technology, liquidity, and influential voices.
Binance Founder Support Boosts Investor Confidence
The rise of ASTER has also been powered by the endorsement of Changpeng Zhao (CZ), the former CEO of Binance. CZ remains a highly influential figure in the crypto ecosystem, and his backing has added credibility to Aster’s ambitious roadmap.
On September 19, CZ disclosed that Aster had become the second-largest holder of BSC-USDT, with holdings of approximately $131 million, second only to Binance itself, which holds $236 million.
On September 22, CZ congratulated Aster DEX after it reported an astonishing $3 billion in perpetual trading volume within 24 hours. His public encouragement has fueled hype around the project and likely influenced whale behavior.
Aster DEX
ASTER powers the Aster decentralized derivatives exchange (DEX). Built by YZi Labs, previously known as Binance Labs, the platform is designed with professional traders in mind.
Unlike many existing platforms, Aster introduces advanced features such as hidden orders, enabling stealth trading strategies, and extreme leverage options of up to 1001x. These tools aim to attract high-frequency and institutional-grade traders seeking flexibility beyond what traditional platforms offer.
The project is also backed by PancakeSwap, a major player in decentralised finance (DeFi). This backing strengthens its liquidity foundation and positions it to take on Hyperliquid, the current leader among decentralized derivatives exchanges.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
