Whale Drama! $ASTER Token Takes a Nose Dive and Everyone’s Pointing Fingers!

by

So, the $ASTER token just decided to take a nosedive-78% down, thanks to some whales playing around. Nothing suspicious there, right? Just your average Tuesday in crypto-land.

You know, the $ASTER token was riding high between September and January, like a kid on a sugar rush, drawing all kinds of attention-everyone loves a good drama!

Turns out, price data and on-chain records show these big ol’ transfers happening right when everyone was freaking out about selling and the prices were plummeting. Because, why not?

From Hero to Zero: The $ASTER Saga

So, here it is-$ASTER was strutting its stuff at $2.42 on September 24, then bam! It’s down to $0.54 by January 31. That’s a 78% drop in four months! Who needs roller coasters when you have crypto, right?

Market data reveals that early trading was like a wild party, with volume levels so high you’d think they were giving away free pizza.

Between September 25 and September 29, $ASTER bounced from $1.62 to $1.86, and daily trading volume hit a staggering $20 billion. Talk about a launch party!

The token collapsed 🚨

From $2.42 on Sep 24 to $0.54 on Jan 31 (~78% down)

And all signs point to… manipulation? Who would’ve guessed?

Timeline of the crash:

– Sep 25-29 – $1.62 → $1.86 (+15%) after launch hype, $20B daily volume. Crazy times!

– Sep 30-Oct 5 – $1.86 → $2.41 (ATH) → $1.73 as whales decided to make it rain…

– StarPlatinum (@StarPlatinum_)

From September 30 to October 5, this token shot up to an all-time high of $2.41. Then, just like my New Year’s resolutions, it quickly fell to $1.73. Oof!

On-chain data suggests that a handful of big fish snatched up about $61 million worth of tokens during this wild ride. Good for them, I guess!

Whales Gone Wild: Who’s Controlling This Show?

Blockchain records show that a cozy little group of wallets had their greedy hands on most of the token supply. Talk about a monopoly! They’re holding 88% to 96% of the total circulating tokens. It’s like a game of Monopoly, but the board is on fire!

On October 18, these whales sold off 17,857,000 ASTER tokens through Binance and Bybit for about $22.88 million. You could say things got a bit rocky during this time!

On October 9, traders offloaded more than 7.5 million ASTER tokens worth about $12 million, causing the market to drop 16%-like a bad date that just won’t end.

Related Reading: ASTER Crashes to All-Time Low: Can We Stop the Madness?

Transfer Shenanigans and What the Blockchain Says

Then there was October 15, when three new wallets decided to withdraw 4,660,000 ASTER from Binance. Just casually worth about $4.79 million. No biggie!

Another wallet pulled out 5,010,000 ASTER worth roughly $7.65 million that day. These guys must have had a real hankering for cash!

One wallet, specifically address 0xFB3BF33Ba8E5d08D87B0db0e46952144DF822833, has been linked to withdrawals totaling a whopping $114.5 million from Gate. Sounds like someone’s been busy!

Earlier market pressure followed when, from October 6 to October 12, $ASTER plummeted from $1.73 to $1.20. And what happened? DeFiLlama pulled Aster DEX from its listings due to reported wash trading concerns. Shocking!

The sequence of price drops and wallet transfers suggests that the $ASTER decline wasn’t just a coincidence-it was like a well-rehearsed dance, except nobody asked the audience if they wanted to watch.

This whole trading pattern has people scratching their heads and raising eyebrows about potential manipulation in the digital asset market. But hey, it’s just another day in the crypto playground!

Read More

2026-02-01 09:37