Key Points
- Whale accumulates 24M ASTER, valued at $50.4M, as price surges by 38.16%.
- Aster’s Layer 1 blockchain aims to enhance privacy, driving more attention.
- ASTER surpasses CIRCLE in 24-hour revenue, signaling rising market competition.
A whale has accumulated a significant $50.4 million in ASTER, holding 24 million tokens. ASTER’s price surged by 38.16%, reaching $2.10 per token, signaling strong growth in a short time.
The whale’s heavy investment in ASTER is seen as a strategic move, capitalizing on the token’s recent performance.
Analysts predict that ASTER could see continued growth, potentially reaching higher levels, especially with developments in the blockchain ecosystem. The whale’s positioning aligns with the broader market trend of increased interest in ASTER.
Aster’s Layer 1 Blockchain and Market Momentum Push Price Higher
Aster CEO, Leow Luen Jie, revealed plans for the team’s new Layer 1 blockchain, currently in internal testing.
The new chain will focus on enhancing privacy while maintaining transaction verifiability, attracting further attention to ASTER. On the heels of this announcement, ASTER reached a new all-time high of $2.26, catching the interest of traders, even in a flat market.
Perpetual trading activity has surged, with Aster reporting $21.4 billion in daily volume and $9 million in revenue.
This performance has drawn in new traders, further driving the price up. Market data shows whales have been accumulating ASTER steadily, adding demand during the rally.
Analysts see significant upside potential for ASTER, with predictions of 4-6x returns and a potential Binance listing in October.
Moreover, ASTER has now surpassed CIRCLE in 24-hour revenue, claiming second place with $9.02 million. This marks a shift in market competition, with ASTER rapidly gaining ground.
Large transfers of ASTER to Binance and Coinbase hint at an upcoming listing on major exchanges, likely increasing price volatility.
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Source: https://coincu.com/analysis/whale-scoops-50m-in-aster-as-price-hits/