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

Bhushan Akolkar
2 hours ago
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights 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.
Mr. Beast continues to buy every dip in ASTEr Token

Highlights

  • Mr Beast's accumulation and overall whale activity around ASTER token remains high despite recent pullback.
  • A whale wallet withdrew 3.19 million ASTER worth $5.27M from Gate.io, highlighting strong demand for the DEX altcoin.
  • Aster faces a major token unlock on October 17, releasing 183.13 million ASTER, worth $325M, keeping investors on edge.

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.

Advertisement
Advertisement

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.

Mr. Beast Continues With ASTER Token purchases
Source: Arkham Intelligence

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.

Advertisement
Advertisement

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.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

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.

About Author
About Author
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.