ASTER plunged 78% as whales despatched thousands and thousands to exchanges, with on-chain knowledge tying sell-offs to volatility and manipulation fears.
The $ASTER token recorded a pointy decline between September and January, drawing consideration throughout the digital asset market.
Value knowledge and on-chain data present repeated massive transfers that coincided with heavy promoting intervals and fast value drops.
$ASTER Value Decline Follows Early Buying and selling Surge
$ASTER traded at $2.42 on September 24 and later fell to $0.54 by January 31. This transfer represented a decline of about 78% over 4 months.
Market knowledge reveals that early buying and selling exercise was marked by excessive quantity ranges.
Between September 25 and September 29, $ASTER rose from $1.62 to $1.86. Day by day buying and selling quantity reportedly reached $20 billion throughout this era.
The rise adopted launch-related curiosity and trade listings.
The token $ASTER collapsed 🚨
From $2.42 on Sep 24 to $0.54 on Jan 31 (~78% down)
And all of the indicators level to manipulation:
Timeline of the crash:
– Sep 25–29 – $1.62 → $1.86 (+15%) after launch hype, $20B every day quantity
– Sep 30–Oct 5 – $1.86 → $2.41 (ATH) → $1.73 as whales… pic.twitter.com/nI8teogSbC
— StarPlatinum (@StarPlatinum_) January 31, 2026
From September 30 to October 5, the token climbed to an all-time excessive close to $2.41. It later dropped to $1.73 inside days.
On-chain knowledge signifies that giant holders added roughly $61 million value of tokens throughout this window.
Whale Exercise and Provide Focus
Blockchain data present {that a} small group of wallets managed a lot of the token provide.
Estimates place their holdings between 88% and 96% of complete circulating tokens. Such focus usually permits massive holders to affect market costs.
On October 18, a complete of 17,857,000 ASTER tokens have been offered via Binance and Bybit. The mixed worth of those transfers was about $22.88 million.
Value motion knowledge reveals elevated volatility throughout this time.
On October 9, merchants offered greater than 7.5 million ASTER tokens, valuing the transaction at about $12 million.Market costs fell round 16% and moved near the $1.00 degree.
Associated Studying: ASTER Crashes to All-Time Low: Why Promote Stress Could Persist
Trade Transfers and On-Chain Indicators
Further transfers occurred on October 15, when three new wallets withdrew 4,660,000 ASTER from Binance.
These tokens have been valued at about $4.79 million on the time. One other pockets withdrew 5,010,000 ASTER value roughly $7.65 million that very same day.
One continuously referenced tackle was 0xFB3BF33Ba8E5d08D87B0db0e46952144DF822833. Blockchain knowledge hyperlinks this pockets to withdrawals totaling $114.5 million from Gate.
The tackle has been related to Galaxy Digital exercise.
Earlier market strain additionally adopted platform actions. From October 6 to October 12, $ASTER fell from $1.73 to $1.20.
Throughout this era, DeFiLlama eliminated Aster DEX from its listings as a result of reported wash buying and selling issues.
The sequence of value actions and pockets transfers means that the $ASTER decline aligned with repeated large-scale gross sales.
Market knowledge reveals that these occasions occurred alongside main unlocks and heavy trade deposits.
The buying and selling sample has raised manipulation issues throughout the digital asset market.