Mr Beast, Whales Buy ASTER Token Amid 20% Crash, What’s Next?

While the ASTER token has crashed 20% in the last 24 hours, to test the crucial support at $1.5, Mr. Beast and whale entities have continued with their accumulation, filling their bags. The DEX token has corrected nearly 40% from the highs of $2.4. Furthermore, with the token unlocks coming in October, investors are staying vigilant about further price action.

MrBeast, Whales Boost ASTER Token Accumulation

On-chain data from Arkham Intelligence shows that YouTube star Mr. Beast spent 320,587 USDT to acquire 167,436 ASTER tokens eight hours ago, bringing his total holdings to 705,821 ASTER worth about $1.28 million. Mr. Beast has been accumulating ASTER aggressively over the past week and buying almost every dip opportunity in the DEX altcoin.

Similarly, blockchain analytics platform Lookonchain also reported that wallet 0xFB3B withdrew 3.19 million ASTER (valued at $5.27 million) from crypto exchange Gate.io six hours ago. Combined, the two whale wallets now control 132.78 million ASTER. This roughly 8.01% of the token’s circulating supply. Furthermore, the infamous trader James Wynn in also going long on ASTER token. In a message on X platform, Wynn said:

“Just longed on ASTER. One of my favorite charts to trade. New asset + high volume + euphoria is the perfect chart to trade, brings great price action, big swings, big profits”.

This shows that despite the strong retracement in ASTER price, the DEX altcoin continues to be on the radar for big investors. The BNB-based Aster decentralized exchange (DEX) is emerging as a strong competitor to Hyperliquid, while gaining dominance in revenue surge and daily trading volumes. The project records close to $1 billion in daily trading volume and maintains a total value locked (TVL) of over $2.26 billion, reflecting strong liquidity throughout its ecosystem.

Major Token Unlocks Loom in October

While institutional players are accumulating in big numbers, major ASTER token unlocks are likely to happen throughout October. Aster is set for a significant token unlock on October 17, with 183.13 million ASTER, valued at approximately $325 million and representing 11% of its market capitalization, scheduled to enter circulation, according to data from DropStab.com.

Popular crypto market analyst Gordon has warned of continued weakness in ASTER price, noting persistent price declines ahead of a looming $700 million token unlock. The analyst emphasized that strong buyer support will be needed to stabilize the market as the unlock approaches. Aster is reportedly exploring a vesting schedule for airdrop recipients to help mitigate potential downside risks.