- Whale purchases and Binance’s listing boost Aster’s visibility as trading volumes surge despite earlier controversy over wallet ownership.
- Binance’s support and Alpha transition signal Aster’s move toward stronger DeFi integration and wider market adoption in coming weeks.
- Despite wash trading concerns, analysts remain bullish on Aster’s growth potential, projecting a possible price rally toward the $4 mark.
Aster ($ASTER) has entered a crucial phase as whale activity intensifies and Binance officially begins spot trading for the token.
The excitement surged after Lookonchain revealed that whale wallet 0xfE5A purchased 1.69 million ASTER, valued at $3.16 million, after depositing 2.92 million USDT into the platform. This major purchase came just days after a separate wallet—mistakenly linked to YouTuber MrBeast—gained attention for holding over $1.4 million worth of ASTER.
The MrBeast rumor sparked confusion after on-chain trackers identified the wallet starting with 0xDc1d as holding more than 705,000 ASTER tokens. However, MrBeast publicly denied any connection, stating he neither owns the wallet nor knows the token. Despite the controversy, ASTER’s price momentum and market interest have continued to climb.
Binance Listing Adds Fuel to Market Momentum
Binance confirmed that Aster will begin trading on October 6 with pairs including ASTER/USDT, ASTER/USDC, and ASTER/TRY. Deposits opened earlier in the day, with withdrawals scheduled to begin on October 7.
Initially, trading will support simple orders only, while bots and copy trading will activate after 24 hours. Besides, Binance Alpha users will transition their holdings to spot accounts automatically within a day of listing.
Moreover, ASTER’s Alpha program—which rewarded users with Alpha Points—will conclude once spot trading starts. Hence, all related volumes will stop generating Alpha rewards. The listing follows Binance’s ongoing collaboration with Aster DEX, further strengthening its support for innovative DeFi trading models.
Market Controversy and Analyst Views
However, Aster DEX faced scrutiny after DeFiLlama excluded its trading volumes from public dashboards, citing concerns over inflated or non-organic data. The DEX previously reported over $96 billion in daily volume, surpassing major centralized exchanges. Despite this, Aster remained the top DEX in fee generation throughout September, only trailing Hyperliquid in liquidity depth.
Crypto analyst Quinten suggested strong upside potential, noting, “$ASTER is actually ready for $4… Binance and Aster will do whatever it takes to get there.” He highlighted Binance’s dominant role, stating, “CZ controls this market. He’s going for total perps dominance or will die trying.”
