ASTER Price Depth Analysis: Behind the Whale's Massive Withdrawal, Will the Future Rise or Fall?

As of September 28, 2025, the price movement of ASTER has become the focus of attention in the crypto assets market. After reaching an all-time high of $2.42, this highly watched decentralized exchange token experienced a significant pullback, with the current price at $1.75.

However, the whales have been increasing their holdings against the market panic. In the past few days, the address that has continuously withdrawn ASTER from the Gate exchange has accumulated a total of 61.343 million Tokens, worth approximately 126 million dollars.

01 Price Movement: ASTER Recent Market Performance

ASTER reached a historic moment on September 24, with its price breaking through the $2 mark, hitting a high of $2.15, and achieving a daily increase of 42.12%. This performance placed ASTER at the top of the price movement chart among the top 100 tokens by market capitalization in the crypto assets space.

The market frenzy did not last. By September 26, the ASTER price saw a significant pullback, dropping 18.68% within 24 hours, with a trading price of 1.90 USD. The price movement had a large range, peaking at 2.42 USD and dipping as low as 0.55 USD.

The current market capitalization of ASTER is approximately $3.156 billion, holding a place in the crypto assets market. Despite a pullback in price, ASTER's 7-day increase is still astonishing, reaching 2294.76%, reflecting its recent strong upward trend.

02 Whale Movements: Key Drivers Behind the Market

The large-scale layout of institutional investors has become an important support for the price movement of ASTER. On September 24, an address associated with Galaxy Digital withdrew 24 million ASTER from the Gate exchange, worth approximately 46.56 million USD.

This action makes the address the number one holder of ASTER on the chain among non-project parties and exchange entities, indicating that traditional financial institutions are actively positioning themselves in this decentralized exchange token.

Whale activity is far from over. According to on-chain analysts, addresses that have continuously withdrawn ASTER from Gate in recent days have accumulated a total of 61.34 million ASTER, worth approximately 126 million USD.

The address increased its holdings of 6.343 million ASTER again on September 27, worth approximately 12.94 million USD. These large withdrawal behaviors have significantly reduced the circulating supply within the exchange, creating a market environment of supply and demand imbalance.

03 Project Fundamentals: The Underlying Value Support of ASTER

ASTER is not only a trading asset, but it is also the next generation DEX with innovative technology behind it. The Aster platform supports cross-chain trading capabilities, allowing users to trade without the need for cross-chain bridges or switching networks.

The surge in platform trading volume is the most noteworthy data recently. Aster's 24-hour on-chain derivatives trading volume reached $2.11 billion, nearly double that of Hyperliquid. This achievement positions Aster third in the DEX contract trading volume rankings.

The platform's revenue also performed impressively. Aster's revenue surged to about 13 million dollars in the past 24 hours, temporarily ranking second on the cryptocurrency revenue list. The daily protocol revenue even reached 7.04 million dollars, setting a new historical high.

The development of the Aster ecosystem is impressive. In just six months, Aster has attracted 2 million users, generated $50 million in revenue, and processed over $500 billion in transaction volume. These figures indicate that the project is gaining market recognition and attracting a large number of real users.

04 Market Bullish and Bearish Factors: The Driving Forces and Resistance Behind ASTER Price

favorable factors

• Fee buyback mechanism: The Aster platform generates huge fee revenue daily, which needs to buy back ASTER to offset fees. When the daily trading volume exceeds 26 billion USD, calculating with an average fee rate of 0.025%, over 6 million USD is required just for the fee buyback.
• Total Value Locked (TVL) Growth: The total value locked in the Aster protocol's DeFi has reached a historic record of $2.13 billion, a significant increase from $347 million on September 1, indicating strong investor confidence.
• Whales continue to accumulate: Despite price fluctuations, large investors are still buying on dips. For example, a whale wallet has withdrawn a total of 50 million ASTER from the Gate exchange, with an average purchase price of about $1.53, demonstrating long-term confidence.

risk factors

• Contract Anomaly Event: The XPL perpetual contract price on the Aster platform experienced short-term abnormal fluctuations, peaking at 4 USD. Such events may temporarily impact the platform's reputation and user confidence.
• High volatility risk: ASTER fell by 16.64% in a single day on September 22, indicating that its price may experience severe fluctuations, and investors should be wary of high position pullback risks.
• Token economics controversy: Some analyses indicate that the circulating supply of ASTER is 1.8 billion coins, but the total supply reaches 8 billion coins, which may face unlocking selling pressure in the future.

05 Technical Analysis: ASTER Price Movement Forecast

From a technical perspective, the pullback in ASTER price after a rapid rise is a healthy market adjustment behavior. The $1.7 level constitutes a key support level, and if it can be maintained above this level, it may lay the foundation for a future rebound.

The Relative Strength Index (RSI) has dropped from the overbought zone to 62, indicating that bearish momentum is forming. Traders should closely monitor the key psychological level of 2.00 dollars—daily closes above this level may confirm bullish control and could trigger a rebound towards the historical high of 2.43 dollars.

If the price breaks below the support level of 1.90 dollars, the next key interest area is around 1.65 dollars, which has previously been tested as a resistance level. Further support is at 1.27 dollars, a position that has been tested as a support level.

06 Investment Advice: How to Respond to AST Price Movement

For short-term traders, it is important to closely follow the price movement and trading volume changes on the Gate exchange. Setting reasonable stop-loss levels can help manage risk, especially considering the high volatility characteristics of AST.

For long-term investors, the fundamentals of the Aster project are worth following. The platform's continuously growing user base, trading volume, and revenue-generating capabilities, along with the planned launch of its own Layer 1 blockchain Aster Chain based on zkRollup technology, could all serve as catalysts for future value growth.

Regardless of the investment strategy, risk management and position control are crucial. The cryptocurrency market is known for its high volatility, and the recent price movement of ASTER fully reflects this. Investors should only invest funds that they can afford to lose completely and consider diversifying their investments to reduce risk.

Future Outlook

In the coming weeks, the market will closely watch whether institutional investors like Galaxy Digital will continue to increase their holdings or start to take profits. Despite the current price pullback, whales are still continuing to accumulate, with one address recently purchasing ASTER worth $12.94 million at an average price of $1.61.

Aster plans to launch its own Layer 1 blockchain, Aster Chain, based on zkRollup technology, which will further enhance transaction efficiency and reduce fees. This development could become an important catalyst for ASTER price.