AIXBT Warns of Potential Risks for ASTER Token
AIXBT, a crypto-focused AI agent popular on X, has raised concerns about the ASTER token. It noted that 96% of the token’s supply is held in just six wallets. This concentration could lead to a large sell-off if the token gets listed on major exchanges.
ASTER is expected to be listed on Binance, according to AIXBT. However, the agent warned that such a listing might trigger a “rug pull” due to the uneven token distribution. AIXBT tweeted on September 21, 2025: “Binance signals are strong but 96% supply in 6 wallets. That’s not a listing it’s a rug waiting to happen.”
Data from Bubblemaps shows the top six wallets hold 93.14% of ASTER tokens. The two largest wallets hold 44.7% and 19.6%, respectively. A third wallet, named “AstherusVault,” holds 13.86% of the supply.
Some users say a large portion of ASTER tokens is in Swap Vaults smart contracts. These are strategic reserves by the Aster protocol. However, AIXBT called swap vaults “exit liquidity factories.” It also noted that APX token holders received an 18x return by swapping their tokens 1:1 for ASTER. This suggests a possible ongoing sell-off.
Connection Between CZ and ASTER Token
ASTER is the native token of Aster, a decentralized perpetual exchange. It was created after merging two BNB Chain-based DeFi protocols: Asthereus and APX-Finance. The project has financial support from YZi Labs (formerly Binance Labs) and Pancakeswap, a major decentralized exchange on BNB Chain.
Binance co-founder Changpeng Zhao (CZ) has promoted Aster several times on X. His endorsements have caused significant price increases for the ASTER token. CZ is a well-known figure in crypto, and his support is a key factor in Aster’s growth. The platform recently reached $3 billion in daily trading volume.
ASTER Token Price Surges Since Launch
ASTER launched on September 17, 2025. Since then, its price has surged over 1,400%. The token currently trades at $1.54, with a market cap of $2.55 billion.
Initially available on Aster’s spot markets, ASTER has expanded to several crypto exchanges. These include Bybit, Gate, MEXC, HTX, and decentralized exchanges like Pancakeswap and Uniswap.
