🔥 $ASTER’s $10B Valuation Sparks Heated Debate Over Supply Control & Market Manipulation Risks

$ASTER just hit a staggering $10 billion valuation—and the crypto world is losing its mind over potential supply shenanigans.

Market watchers are raising eyebrows at the token’s distribution mechanics. Whispers of concentrated holdings and possible manipulation are swirling faster than a memecoin pump.

Is this the next big play or a carefully orchestrated squeeze? Critics argue the valuation feels inflated—like most things in crypto, except maybe the coffee at blockchain conferences.

One thing’s clear: in a space that loves a good narrative, $ASTER’s supply story is either a masterstroke or a disaster waiting to unfold.

Aster ($ASTER) is experiencing a significant controversy in the crypto market. Hence, although it reportedly has no working product along with a low trading volume of only $500K daily when it comes to Bitcoin ($BTC) spot pair, its value is $10B. As per the popular crypto trader and analyst, Cyclop, this controversy fuels the speculation concerning the substantial supply concentration as well as market manipulation.

$ASTER is the biggest market manipulation I’ve seen in a while:

– 96% of the supply is controlled by 6 wallets (prob 1 entity)
– No working product, with just $500k daily volume on $BTC spot pair & 50% shades

Yet it’s valued at $10B…

Everyone knows it’s complete garbage,… pic.twitter.com/8xBfYzKytK

In this respect, up to 96% of the cumulative $ASTER supply is controlled by only 6 wallets, potentially operating under a single entity. Cyclop has looked into the said agenda and shared the factual details with the crypto community through its X account.

$ASTER’s 96% Supply Concentration Among 6 Wallets Triggers Concerns over Market Manipulation

The market data reveals that the top six wallets holding $ASTER are dominating the token supply, accounting for 96%. As they are likely to be controlled by one entity, this has ignited a new speculation of massive market manipulation. Additionally, the prominent 5 among these holders cumulatively possess 92.63% of the overall $ASTER supply.

Keeping this in view, out of the total supply of 8,000,000,000.00 $ASTER tokens, these 5 holders own 7,410,620,380.92 tokens. This concentration level has raised caution among traders and analysts alike. Thus, they warn about the potential risks of market manipulation and centralization of the project.

Traders Advised to Beware of Supply Control of Aster and Related Market Risks

In addition to this, when a crypto token is majority held by a few holders, it denotes a bearish outlook. On the other hand, the decentralized distribution of a token’s supply across a significant number of trusted holders is a positive sign. In the case of $ASTER, Cyclop asserts that it should not have a massive $10B as it is not even worth $200M.

Moreover, Cyclop has advised the traders that there is a high possibility of market manipulation around the $ASTER token, and investing in it WOULD not be yield-bearing for them. Particularly, the concentration of the supply among the top few wallets further fuels this controversy in the money market. For skeptical boomers and seasoned traders alike, the analysts’ caution highlights deeper concerns regarding one entity driving the entire supply.