Mega Whales Strengthen Their Grip on ASTER as Accumulation Intensifies

On-chain data reveals that the 100 largest wallets—known as “mega whales”—now control 7.84 billion ASTER, valued at roughly 264 million dollars at current market prices. Despite a brief dip to two dollars, these addresses increased their holdings by 1.76% within 24 hours, underscoring a renewed wave of confidence among large investors.

One particularly notable transaction occurred on October 6, 2025, when a single whale acquired 1.69 million ASTER, worth approximately 3.16 million dollars. This substantial purchase reinforced a short-term bullish sentiment within the community.

Diverging Whale Behavior

While mega whales continue to accumulate, their strategy diverges sharply from other categories of market participants. “Smart money” wallets—often associated with institutional algorithms or funds—have reduced their exposure to ASTER by about 70%. Traditional whales, meanwhile, trimmed their holdings by nearly 10%. Analysts suggest two main reasons behind these moves: anticipation of post-listing liquidity driven by retail traders, and partial profit-taking strategies aimed at preserving gains while maintaining upside potential.

Patterns Mirror Past Altcoin Trends

The accumulation trend surrounding ASTER mirrors behavior previously seen after major altcoin listings such as SUI, SEI, and ARB. Historically, such phases of concentrated whale activity have preceded periods of heightened volatility. Unlike Bitcoin, which tends to follow a steadier and less speculative trajectory, ASTER’s market dynamics remain deeply tied to aggressive trading behavior.

Why ASTER Attracts the Big Players

Recently listed on Binance, ASTER has gained significant attention due to its expanded visibility and liquidity. The token offers multiple incentives to traders, including high leverage of up to 300x, liquid staking options through asBNB, and yield-generating stablecoins like USDF.

Technical indicators also paint a bullish picture. The Money Flow Index (MFI) has climbed to 65, signaling increased capital inflows, while the Bull-Bear Power (BBP) indicator has remained positive since October 5, confirming buyer dominance. The Relative Strength Index (RSI) further supports this outlook, showing hidden bullish divergence and a decline in selling pressure.

Key Levels and Market Risks

On the 12-hour chart, ASTER is moving within an ascending triangle pattern, with support near 1.77 dollars and resistance levels at 2.04, 2.27, and 2.43 dollars—the latter marking its all-time high. A decisive close above 2.27 dollars could validate a new upward leg, while a drop below 1.66 dollars would undermine the bullish case.

However, the token’s concentration poses significant risks. Around 96% of the total supply is held by only six wallets, creating a vulnerability to systemic shocks. A single large sell-off could wipe out 30 to 50% of ASTER’s value within hours. Moreover, an upcoming token unlock of 183 million ASTER, valued at roughly 360 million dollars, is scheduled for October 17, 2025, potentially adding selling pressure to an already volatile market.

A High-Stakes Game of Leverage and Speculation

ASTER’s impact on the derivatives market underscores its role in reshaping crypto trading dynamics—balancing between extreme leverage and the strategic maneuvers of whale investors. Its future, however, will hinge on whether it can evolve beyond speculation and achieve sustainable growth.

Would you take the risk of investing in a token so heavily concentrated and volatile, or wait to see whether the whales’ confidence proves justified?