Whales Gobble Up ASTER Tokens Despite Market Jitters – What Do They Know?

Crypto whales are doubling down on ASTER—loading up their bags while retail investors sweat over the token's shaky future. Is this a calculated bet or just another high-stakes gamble?

Big Money Moves In

While the plebs panic-sell, deep-pocketed players are snapping up ASTER at a pace that'd make a Black Friday shopper blush. No official numbers? Classic crypto—transparency takes a backseat to speculation.

The Cynic's Corner

Ah, the ‘smart money’ narrative—because whales never get rekt, right? Remember when LUNA’s big boys ‘accumulated’ all the way to zero? Good times.

Rising whale participation

According to on-chain firm Evening Trader Group, whale accumulation of ASTER has expanded significantly in recent weeks. The top externally owned address (EOA) now holds 42.17 million ASTER, worth around $47.12 million, at an average price of $1.04. 

$ASTER Whale Accumulation Expands with New Entrants

The top EOA whale continues to add, now holding 42.17M $ASTER (~$47.12M) at an average entry of $1.04.
Address: 0xe307f534eec7256331c347ad73e7a08446f1d7a7

New large players have also entered accumulation:
> New Top 3 EOA… https://t.co/WPs8idIwoV pic.twitter.com/O8J7j8RzPm

The group also revealed that new large investors have entered the scene. One of the new top three EOA addresses began buying two weeks ago, purchasing 8.06 million ASTER, valued at $9.01 million, at an average price of $1.13. 

At the time of publishing, ASTER was trading NEAR $1.16, up 8% in the past 24 hours, as per CoinMarketCap data. Its 24 hours trading volume was $807 million and market capitalization sitting near $2.34 billion. 

Derivatives market heats up

Derivatives data from Coinglass also reflects the increasing excitement of traders. In the last 24 hours, the total derivatives volume of ASTER jumped 34.47% to $1.89 billion and open interest ROSE 8.83% to $550.87 million. The rise in both indicators points out an increase in speculative activity and improved market participation.

On Binance, for instance, the long-to-short ratio was standing at 3.13, while on OKX, it stood at 2.17, meaning more than twice as many traders are betting on ASTER’s increase in price. Among Binance’s top traders, the Optimism is even stronger with ratios of 3.27 by accounts and 2.22 by position size.

However, such high leverage has also caused significant liquidations: in the last 24 hours, total liquidations stood at $2.14 million, comprising $1.56 million from longs and $582,000 from shorts. This is indicative of higher volatility and speculation over the token.

Market technicals and trader sentiment

Crypto analysts remain divided on the next move. CryptoBull_360 stated on X that, “ASTER is getting ready for a strong breakout this time! trend approaches the symmetrical triangle + horizontal trendline resistance zones in LTFs. Strong flip off from here could trigger 40–60% short term move.” The analyst pointed to rising volume and strong momentum as key signals.

#ASTER is getting ready for strong breakout this time! trend approaches the symmetrical triangle + horizontal trendline resistance zones in LTFs, Strong flip off from here could trigger 40-60% short term move, Volume rising as good momentum, keep an eye on!!$ASTER #ASTERUSDT pic.twitter.com/zPGaebPSvR

As big investors are buying more ASTER, showing confidence, traders are also betting on short-term moves. Still, the token’s long-term path remains uncertain. ASTER sits at a turning point, offering both potential gains and risks. 

Also Read: Arthur Hayes Buys UNI Token After 3-Year Long Hiatus