A whale has turned a $300,000 investment in Aster (ASTER) into a $7 million profit, according to on-chain data.<\/p>\n
The token\u2019s surge in value coincides with Aster\u2019s perpetual trading volume hitting a new high of $35.86 billion in 24 hours, surpassing its rival, Hyperliquid.<\/p>\n
Blockchain analytics platform Lookonchain was the first to report the transaction via X, noting <\/a>that a pseudonymous user, Unipcs, had withdrawn a total of 3.24 million ASTER from Gateio. The whale later shared<\/a> an update breaking down the trade, saying they had purchased 3,245,933.37 ASTER tokens for $299,166.79 at an average price of $0.0922 per coin, a position now worth over $7.1 million at current prices.<\/p>\n They explained that the transfer was mainly to consolidate tokens into a public wallet and clarified, \u201cSo to those who have been messaging to say, \u2018welcome to the ASTER trade\u2019: I opened the trade a week ago!\u201d<\/p>\n Elsewhere, whale 0x5bd cashed<\/a> out 1.56 million ASTER, amounting to approximately $3.57 million from Bybit. The investor had accumulated 6.718 million coins at an average entry price of around $1.98 and continues to hold 8.26 million tokens valued at about $19 million.<\/p>\n Large holders have gone on an ASTER buying spree over the past 24 hours, with CryptoPotato<\/em> reporting<\/a> that whales scooped up more than $48 million worth of the token across multiple purchases.<\/p>\n Meanwhile, ASTER\u2019s rally shows no signs of slowing, with the token climbing more than 270% in the past week. Its momentum has been driven by support from YZi Labs and public endorsements from CZ.<\/p>\n Aster is slowly starting to gain ground over Hyperliquid, its largest competitor. Data from DefiLlama also shows<\/a> that it led in daily perpetual trading volumes, reaching $35.86 billion in the past 24 hours. On the other hand, Hyperliquid reported about $10 billion in the same period.<\/p>\n The project has also recorded a notable rise in open interest in less than a week. CoinGlass data shows<\/a> that the metric climbed from $3.72 million on Friday to $1.24 billion at the time of writing, an increase of nearly 33,200%.<\/p>\n Open interest is the total number of contracts that remain unsettled and is often used as a measure of liquidity and market confidence. The rise suggests traders are committing more capital to Aster.<\/p>\n Additionally, its total value locked (TVL) has climbed to $2.09 billion, marking a 233% increase from $625 million recorded on Friday.<\/p>\n The post Whale Turns $300K Into $7M Profit on ASTER<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" A whale has turned a $300,000 investment in Aster (ASTER) into a $7 million profit, according to on-chain data. The token\u2019s surge in value coincides with Aster\u2019s perpetual trading volume hitting a new high of $35.86 billion in 24 hours, surpassing its rival, Hyperliquid. Whales Cash Out on ASTER Blockchain analytics platform Lookonchain was the […]<\/p>\n","protected":false},"author":0,"featured_media":99653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-99652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99652"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=99652"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/99653"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Aster\u2019s Daily Volume Surpasses Hyperliquid\u2019s<\/h2>\n