Crypto Whales Increase ASTER Holdings Amid Market Uncertainty
Large investors are steadily buying the Aster (ASTER) token despite doubts about its long-term outlook. On-chain data reveals growing accumulation by crypto whales over recent days. Traders are also increasing their positions in ASTER derivatives, reflecting heightened market interest.
Blockchain analytics firm Lookonchain reported on X that a prominent whale, who earned over $36 million trading PEPE, has amassed more than 8.41 million ASTER tokens since November 4. This holding is worth approximately $8.14 million at an average price of $0.97. The whale currently holds an unrealized profit of $1.1 million.
Arkham Analytics data shows this wallet now contains about $17.74 million in digital assets. ASTER and AAVE are its largest positions, valued at $8.29 million and $8.79 million, respectively. While AAVE fell 3.78% to $208.89, ASTER rose 4.48% to nearly $1.12. Other assets include Pendle, Ethereum, BNB, and Wrapped Bitcoin.
Increasing Whale Participation Shapes ASTER Momentum
Evening Trader Group reports significant whale accumulation of ASTER recently. The top externally owned account (EOA) holds 42.17 million ASTER, worth around $47.12 million at an average entry price of $1.04.
New large investors have also joined. One of the top three EOAs began purchasing two weeks ago, acquiring 8.06 million ASTER valued at $9.01 million, with an average price of $1.13.
At publishing, ASTER traded near $1.16, up 8% in 24 hours. Its 24-hour trading volume was $807 million, and market capitalization stood close to $2.34 billion, according to CoinMarketCap.
Derivatives Volume Surges as Traders Bet on ASTER
Coinglass data shows a 34.47% rise in ASTER derivatives volume over the past 24 hours, reaching $1.89 billion. Open interest climbed 8.83% to $550.87 million, indicating increased speculative activity.
On Binance, the long-to-short ratio was 3.13, and on OKX, it was 2.17. This shows most traders expect ASTER’s price to rise. Binance’s top trader accounts show an even higher ratio of 3.27.
However, high leverage has led to liquidations totaling $2.14 million in the last day. Long positions accounted for $1.56 million, and shorts $582,000, pointing to high volatility.
Crypto analyst CryptoBull_360 tweeted that ASTER may be preparing for a breakout. The token is approaching key resistance levels, and a surge could trigger a 40–60% short-term gain. Rising volume and momentum support this view.
Despite whale accumulation and trader optimism, ASTER’s long-term direction remains uncertain. The token is at a critical point, presenting both risks and opportunities for investors.
