ASTER Token Rockets Over 10% in an Hour as Binance Announces Spot Listing
Highlights
- Crypto exchange Binance to list ASTER token in key spot trading pairs today.
- Decentralized perpetual exchange Aster's token skyrocketed over 10% in just an hour.
- The token fell recently as DeFiLlama delisted Aster’s trading volume data.
Crypto exchange Binance on Monday said it will list next-generation decentralized perpetual exchange Aster’s crypto token on the platform today. As a result, ASTER token spiked over 10% in an hour to trade above $2 again.
Binance Confirms ASTER Token Listing
In an official announcement by Binance on October 6, the crypto exchange revealed that it will list ASTER token with a seed tag applied. Notably, the seed tag is applied to crypto tokens considered innovative, but may show higher volatility and risks.
The crypto exchange plans to list the decentralized perpetual exchange’s token in USDT, USDC, and TRY trading pairs. Users can start trading ASTER from 12:00 UTC on October 6, with token depositing starting at 9:00 UTC.
Binance reminded users that ASTER will not be available for trading on its pre-listing token feature, Alpha Market, once spot trading opens. Also, the exchange will no longer count trading volume towards Alpha points. Users will have 24 hours to transfer their holdings from Alpha Account to Spot Account.
“ASTER will be delisted from Binance Alpha when spot trading opens on Binance Spot. Users will be able to continue to sell ASTER via Binance Alpha,” said Binance.
In September, the decentralized perpetual exchange’s token skyrocketed by over 1,500% within a week as Binance founder Changpeng “CZ” Zhao endorsed Aster. Whales and entities such as MrBeast purchased ASTER worth millions amid massive hype.
Crypto Token’s Price Spikes Over 10% in an Hour
ASTER price zooms over 10% in just an hour, with the price currently trading at $2.07. The 24-hour low and high are $1.78 and $2.06, respectively. Furthermore, the trading volume has increased by 40% over the last few hours, indicating a massive interest among traders.
The BNB Chain-based token faced strong selling pressure after DeFiLlama delisted Aster’s trading volume data due to integrity concerns. Evidence suggested that Aster’s perpetual volume had recently started to closely mirror Binance’s activity.
CoinGlass data showed a reversal from selling to buying in the derivatives market. At the time of writing, the total ASTER futures open interest dropped 1% to $1.53 billion in the last 24 hours. In the past hour, the futures open interest on Binance, OKX, and Bybit climbed more than 11%, 8% and 6%, respectively. This signals bullish sentiment among derivatives traders.
- Whale Dumps Massive $55 Million in XRP to Ripple as Coin Falls Below $3?
- Aster Token Crashes 10% On DEX Integrity Issues Ahead of Airdrop, What’s Happening?
- Spot Bitcoin ETFs Record 2nd Best Weekly Inflows Ever, Bloomberg Analysts Bullish
- Michael Saylor Says “No New Orange Dots” Pausing Bitcoin Buys as Holdings Hit Record $79B
- Experts Turn Bullish on Pudgy Penguins as PENGU Leads Meme Coin Buys on Solana
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
