In the space of a single week, Aster has transformed from an under-the-radar decentralized exchange into one of the most talked-about projects in crypto.
Its token has skyrocketed more than 1,500%, catapulting the market cap past $2 billion and putting the platform firmly on traders’ radars.
The frenzy began after Binance founder Changpeng Zhao drew attention to the project on social media. He praised its multi-chain design and innovative “hidden order” function, while also pointing out that Aster had become one of the largest holders of BSC-USDT outside Binance wallets. Coming from one of the industry’s most influential voices, the endorsement was enough to ignite curiosity and send fresh liquidity pouring in.
Whales Fuel the Fire
Momentum didn’t stop with Zhao’s remarks. Large investors quickly made aggressive bets, accelerating the rally. One whale moved $2 million in USDT to accumulate more than 1.8 million ASTER tokens, even borrowing additional capital through Aave to double down on the position.
Other traders also cashed in. A well-known account, @CookerFlips, turned heads by depositing roughly $1.24 million into ASTER over three days and later withdrawing more than $6.7 million worth — pocketing over $5 million in profit.
Liquidity Floods In
Trading volumes reflected the surge in attention. Data from CoinMarketCap showed a 160% spike in 24 hours, lifting daily turnover to $1.22 billion. That activity propelled Aster into the upper tier of decentralized trading platforms almost overnight.
What makes Aster stand out is not just its sudden price action, but the unusual convergence of whale accumulation, retail excitement, and a rare public nod from CZ himself. Whether the project can sustain this pace remains an open question, but its breakout week has already reshaped the conversation around next-generation decentralized exchanges.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/dex-token-aster-skyrockets-backed-by-whale-activity/