ASTER has seen significant price movement this week. On September 24, it hit $2.26, marking its all-time high (ATH) and pumping 41% in a single day. Since the token launched on September 17, it’s gone up more than 2,000%.
At the time of writing, it was trading at $2.40, with the market cap, currently valuing at $3.97 billion, climbing, and after Binance listed ASTER perpetuals, the 24-hour volume shot up to around $3.14 billion. The token has clearly gained significant market interest.
Binance backing and token migration
One of the main reasons for the jump is Aster’s connection with Binance. Recent reports came out saying that Binance CEO Changpeng Zhao (CZ) is involved as a liquidator for Aster. That gave investors some extra confidence.
On top of that, Binance listed ASTER perpetuals with 50x leverage on September 19. Traders quickly piled in, pushing the 24-hour trading volume past $3 billion, a big jump from the day before.
There’s also the APX-to-ASTER token migration, which finished on October 1. About 704 million ASTER tokens were airdropped, and any tokens that weren’t claimed were added to community rewards. Completing this migration reduced uncertainty about potential sell-offs, early holders, especially those who already saw big gains, seem to be holding on instead of selling immediately.
Retail buzz and what’s next
ASTER has also grabbed a lot of attention on social media. Influencers have called it a “rival to BNB,” and wallets linked to creators like MrBeast have been trading it actively. The number of holders has jumped 300% since launch, now sitting around 36,000. The downside is that a few wallets hold most of the supply, which makes it prone to sudden swings.
Looking ahead, CEO Leow Luen Jie said the team is testing Aster’s own Layer-1 blockchain, which is meant to improve privacy and security. The platform is already leading in perpetuals trading, with daily volumes surpassing $21 billion, overtaking competitors like Hyperliquid. Some believe ASTER could push close to $4 by the end of October if things keep moving the way they are now.
Its recent run has mainly been fueled by Binance’s involvement, the completed token migration, and rising interest from retail traders. But because the supply is concentrated in a few hands and price swings are sharp, it’s worth watching the $2.10 level, as early withdrawals could put pressure on the token.
Also Read: Trust Wallet Token Price Surges 30% to $1.26 Following CZ X Post
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