TLDR
- Whales purchase $270M in ASTER, holding 7.13% of its total supply.
- Aster Chain promises privacy-focused features, low fees, and sub-second transaction finality.
- ASTER’s CEO confirms ongoing Binance listing talks and a future token buyback program.
- ASTER plans a token buyback program to reward long-term holders.
In a dramatic turn of events, ASTER, a rapidly rising cryptocurrency, has seen a surge in whale activity, with two major investors purchasing a staggering $270 million worth of tokens. This surge in accumulation coincides with the release of a new, ambitious roadmap from CEO Leonard Aster. With significant moves being made behind the scenes, both in terms of market activity and strategic growth, all eyes are now on ASTER’s next moves.
Major Whale Purchases Signal Growing Confidence
Blockchain data reveals that whales are increasing their positions in ASTER, as two investors collectively acquired 118.25 million ASTER tokens, valued at $270.8 million. This represents 7.13% of the token’s circulating supply.
A single entity, managing around 15 wallets, withdrew 68.25 million tokens from Aster DEX just days ago, valued at $156.3 million. Additionally, a wallet connected to Daniel Larimer and Galaxy Digital pulled another 50 million tokens from Gateio over the past two days.
The heavy accumulation of ASTER suggests that large investors are positioning themselves ahead of potential developments, particularly the upcoming launch of Aster Chain, a project that promises to bring new innovations to decentralized finance (DeFi).
Aster Chain and Privacy-Centric Blockchain Features
CEO Leonard Aster recently outlined a major shift for the project, introducing Aster Chain a Layer-1 blockchain focused on privacy and decentralization. Aster Chain, which is currently in its internal testing phase, will provide sub-second transaction finality, low fees, and built-in perpetual contracts.
One of the most unique features of Aster Chain is its focus on privacy, particularly in the context of decentralized trading. The network will enable verifiable trading without exposing user positions, a solution that aims to balance transparency with user confidentiality. This move is expected to further enhance ASTER’s appeal in the DeFi sector once the blockchain is officially launched.
Potential Binance Listing and Buyback Program in the Works
As part of the project’s future plans, CEO Leonard Aster confirmed ongoing discussions with Binance regarding a possible listing. While no date has been provided, the listing remains a key part of the project’s strategy. Aster expressed hopes that the token could gain the same level of influence in DeFi as Binance holds in centralized exchanges.
In addition, Aster revealed plans for a token buyback program, aimed at rewarding long-term holders. While details are still being finalized, the buybacks are expected to help retain value and strengthen the community’s confidence in the project. Aster referenced Hyperliquid’s aggressive buyback strategy as a model for how such programs can support token value over time.
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