ASTER Holds Strong Near All-Time High as Whale Accumulation Intensifies

ASTER defies gravity just shy of its historic peak while deep-pocketed investors keep stacking tokens.

WHALE WATCHING INTENSIFIES

Major holders aren't just dipping toes—they're diving headfirst into ASTER positions. The accumulation pattern suggests institutional money making calculated moves while retail traders watch from the sidelines.

TECHNICALS SCREAM BULLISH

Trading near all-time highs typically signals either impending correction or explosive breakout. With whale activity this concentrated, the momentum favors continuation—at least until the big players decide to cash out.

MARKET PSYCHOLOGY AT PLAY

Seeing whales accumulate at peak prices either means they know something we don't, or they're about to learn the same painful lesson as every other crypto 'genius' who thought they could beat the market cycle. Because nothing says smart money like buying at the top—just ask anyone who bought NFTs in 2021.

Aster DEX continues to surpass Hyperliquid’s volumes

Aster has been accelerating its activity in the past few days, as seen from its record fee production. As of September 25, Aster DEX was the second biggest producer of fees among all apps and protocols, based on DeFi Llama data. 

Aster DEX posted another day of record fees, as its trading volumes were boosted by incentive programs and Rh point farming. | Source: DeFi Llama

The DEX produced $13.96M in fees, while Hyperliquid achieved a lower baseline of $2.86M. The initial enthusiasm and point farming have led to Aster setting new trading and fee records each day since its launch. 

The DEX already has $1.23B in open interest, but it’s still far from Hyperliquid’s $13.5B in positions. However, short-term activity reached a peak, with $4B in volumes for the past 30 days. Aster DEX is still in its initial stages, and Hyperliquid remains the leader when it comes to high-profile whales and well-established markets.

Aster boosts Binance ecosystem

Aster DEX is becoming a key part of the growth in the Binance ecosystem. In exchange, the DEX is getting integrated with other services and fast-tracked to dominance. While Aster still cannot catch up with Hyperliquid’s metrics, it has a head start on other new perp DEXs. 

Some of the active ASTER trading and exchange activity comes from the recently launched incentive program, directly from Binance Wallet. 

Exclusively on Binance Wallet | Extra 10% Bonus on @Aster_DEX Trading Volume Score

From 12:00 (UTC+0) on September 24, 2025, Aster Trading Volume Score earned via the Aster dApp using Binance Wallet (Keyless), either through the App or Browser Extension, will receive an… https://t.co/ElHsHmIw5s

— Binance Wallet (@BinanceWallet) September 24, 2025

The campaign will run until October 5, and rewards will depend on a weekly snapshot of trading scores.

Additionally, Aster has opened a native program with rewards for holding a position longer. The additional Rh points will accrue to whales that manage to retain their position, ensuring lower market volatility and liquidations.

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