Aster CEO Clarifies Token Distribution Details Amid Concerns

Aster CEO Leonard addressed token concentration concerns on September 29, clarifying most ASTER tokens remain locked on-chain, with only 10% in active circulation across multiple platforms.

This explanation alleviates fears of market manipulation, emphasizing independent operations and highlighting Aster’s rapid value rise despite limited circulating supply.

Aster Token Concentration Explained and Industry Reactions

Leonard clarified that the concentration of ASTER tokens does not imply control by Aster insiders, pointing out that airdropped tokens and platform addresses constitute a large portion. He confirmed that only 10% of the tokens are currently in circulation, which includes both the initial airdrop and redemption shares for existing users.

From Leonard’s perspective, most tokens being locked aims to stabilize the token market and mitigate any potential market impact from large sales. The locked status can be verified on-chain and ensures a more controlled release over time, reducing supply volatility.

“Most tokens are locked and not controlled by the team, with only about 10% circulating, held by users or airdrop recipients, not project insiders.” – Leonard, CEO of Aster

Reactions from industry leaders, including Binance founder CZ, emphasize the independence of Aster’s operations, driven by ex-Binance staff. CZ confirmed on Twitter/X that YZi Labs holds only equity and their involvement will not influence market stability, reaffirming external support without a looming threat of mass sell-off.

ASTER’s Market Dynamics and Expert Forecasts

Did you know? The current distribution model of ASTER, similar to previous instances in DeFi, shows tokens concentrated in a few addresses with over 90% control, but with notable transparency on locked tokens ensuring public scrutiny.

As of September 29, 2025, Aster (ASTER) reported a price of $1.97 with a market cap of $3.26 billion. ASTER’s price surged over 2,233% in 30 days, while circulating supply confirms about 20% of the total 8 billion tokens are actively traded, according to CoinMarketCap.

Insights from Coincu’s research suggest that ensuring continued transparency in token locking schedules and active community engagement could bolster market trust. Industry experts foresee that clearer vesting timelines could discourage short-term speculation, stabilizing the token’s volatile market performance.