Whales Keep Stacking Aster: Data Reveals 8% Controlled By Two Wallets

Aster is cooling off after a week of explosive gains, losing more than 35% of its value since hitting an all-time high just days ￰0￱ sharp correction has triggered caution among traders, but it also reflects natural profit-taking after such a rapid ￰1￱ the retracement, sentiment in the market remains constructive, with many investors still anticipating further upside in the coming ￰2￱ of the main drivers behind this optimism is whale ￰3￱ data shows that large holders continue to accumulate Aster during the dip, a signal that often strengthens confidence in the asset’s long-term ￰4￱ consistent buying suggests conviction in the project’s fundamentals, even as price action cools in the short term.

Meanwhile, excitement around Aster continues to ￰5￱ platform has generated strong traction, and community interest has yet to fade despite the recent ￰6￱ combination of whale accumulation and growing DEX momentum highlights why many see the correction as an opportunity rather than the end of the ￰7￱ Accumulation Strengthens Aster’s Position Fresh on-chain data highlights that whales continue to build significant exposure to ￰8￱ to Lookonchain, wallet 0xFB3B withdrew another 3.19 million ASTER — worth approximately $5.27 million — from Gateio just six hours ￰9￱ with another large holder, the two wallets now control 132.78 million ASTER, valued at $218 ￰10￱ concentration represents 8.01% of the circulating supply, underscoring the confidence whales have in its long-term ￰11￱ activity comes at a time when the broader market is buzzing with what many call “DEX season.” Decentralized exchanges have drawn increasing attention as traders seek alternatives to centralized platforms and look for more transparency, control, and ￰12￱ DEXs in particular have surged in popularity, with projects like Hyperliquid and Avantis capturing strong user interest.

Aster, however, is positioning itself firmly in this competitive ￰13￱ recent volatility and a 35% pullback from its all-time high, the project continues to attract capital and community ￰14￱ accumulation suggests that sophisticated investors see Aster as one of the contenders capable of holding its ground alongside leading perpetual ￰15￱ growing liquidity base and active ecosystem make it well placed to capture a share of the demand fueling the current decentralized trading ￰16￱ short, while short-term price action remains choppy, whale activity and the ongoing DEX narrative provide strong ￰17￱ Aster sustains momentum and continues to scale, it could solidify itself as a serious competitor in the battle for dominance among next-generation perpetual ￰18￱ Rebounds After Sharp Correction Aster is trading around $1.72 after a steep decline from last week’s all-time high above $2.60.

The 2-hour chart highlights the intensity of the recent correction, with price falling more than 35% in just a few days before finding support near the $1.55 ￰19￱ level acted as a short-term floor, triggering a rebound as buyers stepped back in. Currently, ASTER is attempting to reclaim ground above its short-term moving average (blue), but momentum remains ￰20￱ spikes during the sell-off show that profit-taking dominated market activity, while the rebound so far has come with lighter volume, suggesting that conviction among buyers has not yet fully ￰21￱ $1.80 level now stands as the first key ￰22￱ bulls can push through it, the next challenge lies around $2.00, where the 100-period moving average (green) is ￰23￱ the downside, failure to hold $1.60 could invite another wave of selling, potentially dragging ASTER toward $1.40.

Despite this short-term weakness, the broader trend remains fueled by whale accumulation and rising interest in Aster’s DEX ￰24￱ momentum stabilizes, the rebound could evolve into a stronger recovery in the coming ￰25￱ image from ChatGPT, ASTERUSD chart from Tradingview