Is Trump Family, Mr. Beast Buying ASTER Token? Rumors Gain Strength
Highlights
- On-chain data shows Mr Beast purchased 538,384 ASTER tokens, worth nearly $1 million.
- ASTER price has surged over 2000% in the past two weeks, with analysts expecting further upside.
- Two large whale wallets have purchased 129.59M ASTER worth nearly $259 million, with most activity likely tied to Galaxy Digital.
The ASTER Token is gaining momentum as rumors circulate that prominent figures like the Trump family and Mr. Beast have been accumulating the DEX altcoin. This comes as the ASTER price regains strength after taking support at $1.70, while looking for a breakout past $2. Moreover, the whale activity continues to remain strong around the altcoin.
Is Trump Family and Mr. Beast Buying ASTER Token?
According to claims on social media, a wallet allegedly belonging to Donald Trump’s TRUTH Social has recently purchased nearly $75 million worth of ASTER tokens. The wallet in consideration is 0xFB3… 2833. Whale entities have already started purchasing in big numbers, with experts giving much higher Aster price targets.
However, some believe that these are just rumors and there’s no evidence to support the wallet being connected to the Trump family. There is no on-chain or news evidence connecting wallet address 0xFB3BF33Ba8E5d08D87B0db0e46952144DF822833 to Truth Social.
Instead, multiple analytics platforms have flagged it as a major ASTER whale. Furthermore, the recent activity points to ties with Galaxy Digital rather than Truth Social.
On-chain analytics platform Lookonchain reported that YouTube personality MrBeast has purchased 538,384 ASTER tokens worth roughly $990,000 over the past three days.
According to the data, he deposited $1 million USDT into Aster through public wallet 0x9e67 and a newly created wallet 0x0e8A, later withdrawing 538,384 ASTER. The average purchase price is estimated at around $1.87 per token. Big players joined as Binance founder Changpeng Zhao (CZ) endorsed ASTER a week ago.
Whale Entities Buy In Big Numbers
On-chain data from Lookonchain indicates that wallet 0xFB3B withdrew 6.34 million ASTER Tokens, valued at approximately $12.95 million, from the crypto exchange Gate.io earlier today. The report noted that two major whale wallets now collectively hold 129.59 million ASTER, worth approximately $259 million. This represents 7.82% of the token’s circulating supply.
Recent blockchain data indicates significant ASTER accumulation and withdrawals from Gate.io, aligning with activity linked to Galaxy Digital. This strong whale activity comes as the Aster blockchain overtakes DEX competitor Hyperliquid in several parameters, like trading volumes, daily revenue, etc.
The ASTER price has seen a strong rally of over 2000% in the last two weeks, hitting an all-time high of $2.3. Market analysts are already giving higher price targets in the double digits for the DEX altcoin.
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