- A whale bought millions in ASTER and is sitting on $6M gains, showing growing trust in the token’s strength and long-term value.
- Aster’s price soared 416% after launch before easing 20%, and traders now watch the $1.55 level as a key point for momentum.
- By holding ASTER in self-custody and exploring DeFi use, the whale signals real belief in the project beyond short-term trading gains.
A massive whale move has placed Aster (ASTER) firmly in the spotlight. According to Lookonchain, a whale purchased 7.14 million ASTER tokens worth $10.5 million through two wallets.
The whale had initially deposited 4.5 million USDT before withdrawing the tokens, leaving him with an unrealized profit of nearly $6 million. This sudden acquisition signals growing excitement around ASTER, which has rapidly gained traction since its recent market debut.
The purchase came just a week after Aster launched on spot markets. The token’s explosive 416% surge within two days after listing immediately drew investor attention. Besides, whale activity of this size often reflects heightened confidence and inspires optimism among retail traders. Hence, such moves usually serve as strong indicators of wider market sentiment and possible long-term momentum.
The whale’s decision to self-custody the ASTER tokens demonstrates more than simple profit-taking. By holding outside exchanges, he ensures asset protection and keeps options open for staking, yield farming, and deployment across decentralized applications.
Moreover, this approach positions him for potential long-term wealth creation through the Aster ecosystem. Consequently, the move has strengthened confidence among traders who believe ASTER could become a key DeFi player.
Technical Trends Highlight Consolidation
According to TradingView data, ASTER is now down 2.79% in the most recent session, trading at $1.5181 on MEXC. Since introduction, the token has increased from $0.60 to $1.90 before reversing roughly 20% of its peak value. These pullbacks, however, typically signal sound consolidation stages after strong gains.
RSI levels stand near 51.26, indicating neutral momentum. Additionally, the oscillator suggests neither overbought nor oversold conditions dominate the market.
Accumulation/Distribution metrics highlight 78.18 million, showing heavy participation during the rally. Furthermore, consistent trading volume confirms genuine investor interest behind recent movements.
The immediate resistance now lies near $1.55, serving as both a technical and psychological support zone. Hence, ASTER may hold this line before attempting another upward push or the other way.
Aster’s whale-backed surge and solid trading activity highlight rising confidence in the token’s future. However, consolidation shows the market’s cautious balance.
