Binance-Backed Altcoins Show Strong Momentum as Whales Accumulate Ahead of October

As cryptocurrency markets approach October 2025, significant whale activity is emerging around select altcoins, with Binance-backed projects particularly gaining traction. Ethereum, despite experiencing a 14% monthly decline, has witnessed aggressive accumulation by large holders, with over 406,000 ETH (approximately $1.6 billion) flowing into whale wallets recently. This substantial accumulation signals strong conviction in Ethereum's long-term potential, especially amid falling transaction fees and ongoing network upgrades that continue to improve the platform's scalability and efficiency. The most remarkable performance comes from Aster, a Binance-backed perpetual DEX newcomer that has surged an impressive 240% in recent trading sessions. This dramatic rise highlights the growing interest in decentralized exchange platforms and the confidence investors are placing in Binance-supported projects. The timing of this whale activity suggests sophisticated investors are positioning themselves ahead of what many anticipate could be a pivotal month for cryptocurrency markets. This strategic accumulation pattern reflects a broader trend where institutional and large-scale investors are increasingly focusing on fundamentally strong projects with solid backing and clear utility. The combination of Ethereum's established ecosystem and Aster's explosive growth as a Binance-backed project creates an interesting dynamic in the altcoin space. Market analysts are closely watching these developments, as whale movements often precede significant price movements and can indicate broader market trends. The substantial capital flowing into these assets demonstrates that despite short-term market fluctuations, long-term confidence remains strong in projects with solid fundamentals and reputable backing. As October approaches, all eyes will be on whether this whale accumulation translates into sustained momentum and whether other Binance-supported projects might follow similar trajectories in the evolving cryptocurrency landscape.

Three Whale-Approved Altcoins Gaining Traction Ahead of October

Crypto whales are positioning themselves in select altcoins as markets anticipate a pivotal October. Ethereum, despite a 14% monthly decline, has seen aggressive accumulation by large holders. Over 406,000 ETH ($1.6 billion) flowed into whale wallets recently, signaling conviction in its long-term potential amid falling transaction fees and network upgrades.

Aster, a Binance-backed perpetual DEX newcomer, has surged 240% since its September 17 launch. Whales acquired $48 million worth of tokens within 48 hours, betting on its capacity to disrupt Hyperliquid's market share. The project's institutional backing provides rare infrastructure advantages in the competitive DeFi landscape.

Bitcoin Faces Sharp Correction Amid Market Turbulence

Bitcoin's price plummeted to $111,800 on September 22, 2025, triggering over $1 billion in liquidations—primarily from long positions. The sell-off continued throughout the week, with BTC dipping below $109,000 by September 25. At press time, the asset hovers NEAR $109,360, reflecting sustained bearish pressure.

Ukraine's cryptocurrency activity defied the downturn, with citizens purchasing $882 million worth of Bitcoin despite regulatory clashes between Trustee Plus and the National Bank. Market volatility overshadowed regional adoption trends as derivatives markets reeled from the cascade of liquidations.

ASTER Maintains Market Dominance Amid $4.8M Token Movements by Wintermute

ASTER continues to lead the decentralized perpetual trading market with $42 billion in daily volume, generating $15 million in protocol fees. The token's resilience is evident as its price holds steady at $1.95, marking a 120% weekly gain, despite Wintermute's transfer of $4.8 million worth of tokens to exchanges.

Market confidence remains unshaken, bolstered by ASTER's outperformance against competitors like DYDX and GMX. Binance CEO CZ's confirmation of institutional stakes further underscores the token's growing prominence in DeFi.

Massive Bitcoin Transfer from Binance Sparks Market Speculation

A 584.7 BTC transfer worth $64 million from Binance to a fresh wallet has jolted the cryptocurrency market. Blockchain data reveals the September 28 movement occurred in a single transaction, with the receiving address showing no prior activity.

Exchange withdrawals of this magnitude typically signal institutional players shifting to cold storage. Market participants interpret such moves as potential precursors to price volatility, scrutinizing whale activity for directional clues. The timing and scale suggest accumulation strategies may be underway.

Changpeng Zhao Clarifies Advisory Role with Aster, BNB Founder Stresses Independence

Changpeng Zhao, founder of Binance, has clarified his involvement with decentralized exchange Aster, emphasizing a strictly advisory role limited to product and technology guidance. Regulatory matters remain outside his purview. "I only advise them on product and tech," Zhao stated, drawing a clear boundary given his non-legal background and past regulatory challenges.

Aster's team includes several Binance alumni but operates independently, with Zhao's venture firm YZi Labs holding only a minority stake. The project's native token ASTER recently surged to an all-time high of $2.41 before settling at $1.7, reflecting market enthusiasm for the platform's potential.

CZ Clarifies Advisory Role in Aster Project Amid Binance Employee Migration

Binance founder Changpeng "CZ" Zhao has publicly delineated his involvement with Aster, a perpetual decentralized exchange, following community speculation. His clarification came after reposting project details on X, triggering debates about potential conflicts with Binance's operations.

Several former Binance employees now comprise part of Aster's team, with CZ's YZi Labs holding a minority stake. The entrepreneur explicitly denied operational control, stating: "Not on the team, just an advisor." This distinction becomes crucial as Aster's perpetual DEX model directly competes with Binance's Core offerings.

Market observers note the strategic alignment between the projects, particularly regarding BNB's utility expansion in decentralized finance. "Although Aster competes with Binance, it ultimately benefits BNB," CZ remarked, highlighting the symbiotic relationship between centralized and decentralized trading infrastructures.