Key Takeaways
- Crypto whales have purchased 21.75 million ASTER coin over the past 24 hours.
- Binance co-founder CZ appears to have a strong connection with the Aster project.
The newly launched Aster’s ASTER coin is making waves in the cryptocurrency market with its significant price surge. Moreover, whales and institutions have shown strong interest in the asset.
Whales and Institution Activities
Recently, crypto transaction tracker Lookonchain shared multiple posts on X revealing whale activity in the newly launched ASTER tokens.
It was reported that whales are on a buying spree, collectively accumulating over 21.75 million ASTER tokens worth $25.45 million in the past 24 hours.
In this, Influencer Whale CookerFlip has accumulated 5.57 million ASTER tokens and has made $5 million in profit to date, according to Lookonchain data.
Apart from whale accumulation, Machi Big Brother also participated by opening a 3x leveraged short position on 105,000 ASTER tokens worth $122,000.
ASTER Coin Price and Surge in Trading Volume
The result of massive whale and institutional participation is evident in the asset’s price, which has climbed over 117% in the past 24 hours.
Currently, ASTER is trading near $1.17, while market activity has propelled trading volume by 115% to $1.04 billion during the same period. This indicates that traders and investors are keen on pushing ASTER’s price to higher levels.
You might be wondering why institutions and whales are showing interest in such a newly launched token. The answer lies in Binance co-founder Changpeng “CZ” Zhao and his connection to the project.
Also Read: UK IG Group Acquires Australian Crypto Exchange in $117 Million Deal
Binance co-founders CZ and Aster Connection
According to a recent report, Binance Labs, the former venture capital arm tied to Binance co-founders CZ and Yi He, announced its investment in Aster’s predecessor, Astherus. However, that venture capital firm was later rebranded as YZi Labs in January 2025.
The report also suggests that YZi Labs provided mentorship, ecosystem exposure, and access to technical and marketing resources as part of the program after the investment.
Additionally, it reveals that former Binance CEO Zhao played an active role in offering coaching and mentoring, though it remains unclear whether he directly coached or mentored Aster.
But, over the past 72 hours, CZ has shared multiple posts on X, including an appreciation post, which helped propel the ASTER token from $0.1715 to its current level of $1.17.
CZ recently shared that Aster has become the largest BSC-USDT holder apart from hot wallets.
Aster (ASTER) Flips Hyperliquid (HYPE)
With all these bullish developments, Aster has surpassed Hyperliquid’s Total Value Locked (TVL) in just three days since launch. According to on-chain analytics platform DeFiLlama, Aster’s TVL reached $758.1 million, overtaking Hyperliquid’s $686.43 million.
