Key Highlights:
- Aster whales snapped up over $62.5 million worth of tokens.
- The ASTER token price slumped by over 10% during the day.
- The token is taking support at the $2 level as of now, and a breakdown could lead to further downfall.
Aster (ASTER), a DEX token based on the BNB Chain but sponsored by YZi Labs at Binance, is experiencing a nosedive. The ASTER token, which had reached a historic high a few days earlier of $2.43, fell by over 10% on Thursday, settling near the $2.00 mark. Since reaching its recent peak, the correction is almost 17%, which is in line with the overall decline of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple’s XRP.
Aster Whales Scoop Up $62.5M Worth of Tokens
The trading activity by large investors has increased in spite of the retracement. SpotOnChain data published drew attention to the high withdrawals of ASTER on centralized exchanges. A whale wallet emptied 26 million tokens from Gate exchange, which is approximately $59 million. The wallet now holds over 50 million ASTER tokens, worth close to $105 million at the prevailing prices.
[Update] The first two whales added another $62.5M in $ASTER to their bags over the past 24 hours!
1️⃣ Whale “0xFB3” withdrew another 26M $ASTER ($59M) #Gateio, now holding 50M $ASTER ($105M) in total.
2️⃣ Fresh whale “0x5bd” further withdrew 1.56M $ASTER ($3.52M) from #Bybit,… https://t.co/QrFoWkCXIy pic.twitter.com/RpjVSQ7DDR
— Spot On Chain (@spotonchain) September 25, 2025
There had been another wallet that had reported a major purchase out of Bybit. This investor purchased 1.56 million ASTER at around $3.52 million. Overall, the balance of the wallet has grown to 8.28 million tokens, which is estimated at $17.4 million. The whale accumulation pattern shows that the participants have continued to show interest in the asset, despite the temporary pressure in the price.
The network data of Aster has registered a steep increase in activity in addition to the buys of a whale. The total value locked (TVL) in the ecosystem increased to a new record of $2.148 billion on Thursday, following figures that had been put together by DeFiLlama. The number represents a substantial rise compared to the beginning of September, when the protocol TVL was only at an average of $347 million, before the token was in the market.
The increase in TVL is an indication of the growing usage of the DeFi applications of the project and an indication of increased staking activity. Also, the previous day, Aster flipped Circle in 24-hour revenue.
Price Zones and Technical Indicators.
Technically, Aster has upheld the position of the support zone of $2.00 as a near-term zone. Investors are monitoring whether the day’s action finishes over this level since that would enhance the capacity of bulls to protect this level. The second resistance is at the former high of $2.43.
The signs of weakening are, however, evident in momentum indicators. The Relative Strength Index(RSI) has recently ended up at 62, having been in excessively high levels, and so the sellers are getting momentum. Further deterioration of the token, below the $2.00 level, would push the token to the lower zones of demand.
The initial potential negative target is at around $1.90, which is denoted as a demand zone in the recent trading charts. Further deterioration would open the token to $1.65, which acted as resistance in the previous week, and $1.27, which was last tested as a support level.
Also Read: Hong Kong Warns Investors Over Unlicensed Stablecoins
