Overview

• All affected traders on the XPL perpetual contract have been repaid in USDT, and Aster says distribution is complete, directing any unresolved cases to Discord support.
• Aster reported “abnormal price movements” on the new XPL listing after its perp diverged from spot, with the contract reportedly spiking to about $4 and dipping to $0.55 while spot ranged roughly $0.74 to $1.54.
• Analysts and social posts attribute the glitch to a $1 hardcoded index price and a $1.22 cap on the mark price, with the removal of the cap allegedly triggering the surge; Aster has not provided a detailed technical explanation.
• The dislocation triggered forced liquidations before the exchange ran multiple compensation rounds, including coverage for related trading and liquidation fees.
• Aster’s token fell roughly 7% to 12% to around $1.80–$1.85 following the incident, and a prediction market cut the odds of the token hitting $4 before November to 27% from 38%.