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Aster Tumbles as Data Delisting, Whale Selling and Token Unlock Pressure Price

A large token release is intensifying near-term supply pressure.

Overview

  • DeFiLlama removed Aster’s data on Oct. 5 after 0xngmi said reported volumes were mirroring Binance perpetuals almost exactly.
  • ASTER has retreated about 30% from recent highs and is trading roughly between $1.6 and $2.03, with key levels flagged near $1.77 and $1.50.
  • Wallets holding more than $1 million in ASTER cut positions by 12% and so-called smart money reduced exposure by 37% following the delisting.
  • Coverage reports that more than 6.1 million ASTER, worth about $12 million, moved to Binance soon after the delisting, a transfer described as believed to be linked to Galaxy Digital.
  • Phase 2 made roughly 320 million ASTER claimable with no lock-up on Oct. 10, and technical views outline either a breakout toward about $2.88 or a slide toward $0.70 if supports fail.