Key Highlights:
- An Aster whale with address 0xFB3B transacted 10.18 million ASTER tokens to a Binance deposit.
- The deposit wallet is allegedly associated with the blockchain pioneer, Daniel Larimer.
- The same address had withdrawn ASTER from Gate.io in the past at an average price of $2.07 per token, total valuation of $133.7 million.
ASTER price recently shot up to a high og $2.21 following the announcement of Binance spot listing. Now, traders are looking forward to a potential breakout above $2.50. Amid this feat, an Aster whale transaction caught the attention of the crypto market participants.
Aster Whale Makes Major Move: Is Daniel Larimer involved?
According to Lookonchain data, whale address 0xFB3B deposited 4.93 million ASTER tokens, worth about $10.18 million, in a Binance deposit address linked to Daniel Larimer (@bytemaster7). The transfer follows the same wallet being spotted to withdraw $64.5 million ASTER tokens (which is around $133.7 million) off Gate.io at an average price of $2.07.
This unsuspected deposit has sparked a social media controversy, with the possibility of Larimer, a famous blockchain pioneer, being behind the activity of the whale. For context, Daniel Larimer, the proponent of the creation of some of the largest blockchain applications, including BitShares, Steemit/Hive.blog, and EOS, has long been a proponent of decentralized systems intended to enhance individual liberty and market freedom.
His projects have been worth billions of dollars in the past, and he has become one of the most important personalities in the early history of blockchain evolution. Moreover, his potential involvement in acquiring Aster is bullish, per netizens. However, he is yet to confirm the nature of the transaction, whether it is an acquisition or there’s some other truth that is yet to be seen.
Furthermore, Onchain Lens data shows that another Aster whale had acquired approximately $6 million in ASTER around the date of the Binance announcement and had approximately $12.5 million in all holdings when it began to deposit. Such moves are interpreted differently by analysts, as either a move to provide liquidity or a precursor to selling.
These moves can both play a large role in short-term volatility in the early stages of trading for a particular token. Earlier, in late September, Aster whales bought $62.5 million worth of tokens as the price dipped nearly 10%.
What’s Going On With Aster Price?
ASTER has been strongly traded since the time it was introduced on Binance Spot on October 6. The exchange launched three new pairs: ASTER/USDT, ASTER/USDC, and ASTER/TRY, where the trading became available at 12:00 UTC. On October 7, deposits began at 09:00 UTC while withdrawals were enabled at 12:00 UTC.
After the Binance listing, the price of ASTER increased by the value of $1.84 to $2.21, and analysts monitored important technical levels. Trader Altcoin Sherpa noted that the token must be able to maintain its momentum above the level of $2.10 in order to maintain its bullish status. However, the altcoin failed to do so.
$ASTER Another Bullish Rally is Loading.. 📈🧐
Next Stop : $3.55 🔜#Crypto #ASTER #ASTERUSDT pic.twitter.com/u0rCuf8LE4
— Captain Faibik 🐺 (@CryptoFaibik) October 6, 2025
TraderSZ, similarly, placed resistance levels at $2.14, $2.43, and a weekly high of $2.50, and noted that $1.86 will act as a crucial support zone. Meanwhile, technical analyst Captain Faibik outlined a breakout model that predicted a possible breakout to as high as $3.55 in case of an ASTER reversal if it holds above $2.10. Since the crypto has now slid to $2.04, it must reclaim that level to see further uptrend.
In the meantime, the listing aroused more activities in the ecosystem of ASTER. ASTER pairs launching on the listing day Spot algo orders at 04:30 UTC and the next step entails copy trading and bot integrations. On October 5, the project also completed Genesis Stage 2 and launched Stage 3 at once. Eligible participants of the last stage have the opportunity to check airdrop rewards on October 10, and the claims are open since October 14.
Nevertheless, a red flag was raised when DefiLlama declared the interim withdrawal of the ASTER perpetual volume data on the basis of aberrations in the stated trading activity. Co-founder 0xngmi explained that this move was based on data integrity checks that found the company had strange associations with Binance perpetual data. According to him, it was a technical matter with nothing to do with the legitimacy or the fundamentals of ASTER.
Also Read: Solana, Dogecoin, Aster, TRUMP & Other Altcoins Eye $555M Token Unlock
