How Low Could ASTER Price Go After Market Panic Over DEX?
The post How Low Could ASTER Price Go After Market Panic Over DEX? appeared on BitcoinEthereumNews.com.
Aster’s recent delisting from DeFiLlama has triggered a pullback in demand for its native token, ASTER. Following the DEX’s removal and mounting doubts over its data accuracy, ASTER’s price performance has flattened, reflecting uncertainty in the market. With key investors reducing their holdings, the altcoin might soon witness a move to the downside as sentiment weakens. Sponsored Sponsored ASTER Faces Confidence Crisis After DeFiLlama Delisting On October 5, the founder of leading decentralized finance (DeFi) analytics platform DeFiLlama0xngmi announced on X that Aster’s reported volumes appeared to mirror those of Binance’s perpetuals market, raising red flags about the accuracy of its data. This revelation has prompted DeFiLlama to remove Aster from its listings, triggering debate over whether Aster’s meteoric rise in trading volume was organic or artificially inflated. Since the DEX delisting, its native token, ASTER, has suffered. The altcoin has traded sideways, showing a relative balance between buying and selling pressures as the controversy continues. However, on-chain data reveals that whales have been distributing their holdings significantly, a clear sign that large investors are turning bearish. According to Nansen, whale wallets with ASTER holdings valued above $1 million have decreased their token supply by 12% since Sunday. ASTER Whale Holding. Source: Nansen This dip in whale accumulation strengthens the bearish sentiment against ASTER and could drive a dip below its narrow range in the near term. Sponsored Sponsored Further, smart money investors have also begun scaling back exposure. This signals that major holders are focused on preventing further losses rather than accumulating. Per Nansen, this cohort of ASTER holders has reduced their supply by 37% since the DEX’s delisting. The data provider defines “smart money” as experienced investors, institutions, and high-performing traders whose on-chain activity often signals early market trends and high-conviction opportunities. Therefore, this reduction in their ASTER…
Filed under: News - @ October 8, 2025 11:28 pm