Whales are stepping up their accumulation of ASTER as CEO Leonard unveils an ambitious development roadmap.
According to blockchain analytics from Lookonchain, two large investors recently acquired 118.25 million tokens, valued at $270.8 million. Together, these purchases account for 7.13% of the token’s circulating supply.
Among them, a single entity controlling around 15 wallets withdrew 68.25 million tokens, valued at $156.3 million, from Aster DEX only four days ago.
Meanwhile, another wallet tied to software pioneer Daniel Larimer and investment firm Galaxy Digital pulled 50 million ASTER from Gateio over the past two days.
Such heavy accumulation suggests growing conviction among major holders, even as the broader crypto market remains bearish.
CEO Leonard Outlines Next Growth Phase
This surge in whale activity comes as CEO Leonard Aster unveiled bold new plans for the project. Speaking to the community, he confirmed that the team is preparing to roll out its own Layer-1 blockchain, called Aster Chain.
Currently in internal testing, Aster Chain is a privacy-first network with advanced features. It promises sub-second finality, low transaction fees, and built-in perpetual contracts.
More importantly, it introduces a mechanism for verifiable trading without exposing user positions, an attempt to reconcile privacy with accountability in decentralized finance.
The timing of these whale purchases aligns with Leonard’s announcement, suggesting that large investors may be anticipating major utility gains once Aster Chain goes live.
Binance Listing Under Negotiation
Moreover, Leonard revealed that the project is also in active talks with Binance, the world’s largest cryptocurrency exchange, about a potential listing. While no date has been confirmed, he acknowledged that the listing is part of their broader strategy.
“Binance listing is in our plan,” Leonard said, “but negotiations are still ongoing, and we cannot share exact timing.”
For the CEO, the ultimate ambition is not simply to exchange access but influence. His goal is for Aster to become as integral to DeFi as Binance has been to centralized trading.
Community Buyback Program in the Works
Beyond the blockchain rollout and CEX listing discussions, Leonard also addressed community concerns about value retention. During an AMA, he confirmed that the team is preparing a token buyback program.
While final details are still under review, Leonard called buybacks the most direct way to reward long-term holders.
He referenced rival exchange Hyperliquid, which has been aggressively repurchasing its HYPE tokens, as an example of how such programs can build trust and strengthen token value. An official announcement on Aster’s buybacks is expected in the coming weeks.
ASTER Price and Market Performance
In light of these developments, the ASTER token recently hit a new all-time high of $2.4 before stabilizing at $2.01.
This surge looks even more dramatic when set against ASTER’s short history. Since launching at $0.02 earlier this month, the token has soared over 10,000%. It now commands a $3.5 billion market cap, ranking as the 36th largest cryptocurrency globally.
Influential Figures Shape Narrative
ASTER and its rapid rise have also drawn attention owing to links to influential figures. As reported by The Crypto Basic, Changpeng Zhao (CZ), the ex-CEO of Binance, has shown support for the project. His reputation in the industry has been cited as a factor that boosted visibility and confidence among some investors.
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.
