Aster News Today: Transparent Token Unlocks Fuel 9% Surge for Aster, $1.38 Target in Focus

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Aster News Today: Transparent Token Unlocks Fuel 9% Surge for Aster, $1.38 Target in Focus

Bitget-RWA2025/11/18 17:20

By:Bitget-RWA

- ASTER surged 9% to $3.27B market cap after team clarified tokenomics and Binance's CZ disclosed $2.5M holdings. - Misstated unlock schedules and a $10M trading competition fueled demand, with price stabilizing above $1.14. - Analysts highlight $1.38 target if $1.26 resistance holds, but warn of risks from stagnant fees and declining user growth.

ASTER (ASTER) jumped more than 9% within a day, lifting its market cap to $3.272 billion, as renewed investor trust and recent strategic moves from the decentralized exchange (DEX) project sparked fresh optimism. The price surge came after a period of uncertainty about postponed token unlocks, which was clarified by the team confirming that its tokenomics remain unchanged,

as reported by several sources

and

according to various reports

The rally was initially triggered by a CoinMarketCap (CMC) update that incorrectly listed token unlock dates, shifting some from 2025 to 2035. This led to concerns about possible dilution, but

Aster

promptly refuted any alterations to its tokenomics,

explaining that unused tokens would be transferred to a public wallet

for greater transparency. The team clarified that the planned monthly unlocks had not occurred due to no immediate need for the tokens, so they remain locked and unissued

according to the team

Aster News Today: Transparent Token Unlocks Fuel 9% Surge for Aster, $1.38 Target in Focus image 0

Market conditions further fueled the upward movement.

Aster's cumulative trading volume surpassed $3 trillion

, approaching Hyperliquid's $3.2 trillion milestone, while its price held steady above $1.14 after an early sell-off.

On-chain metrics revealed mixed trends

: although protocol fees remained under $20 million, open interest (OI) fell to $2.67 billion from $5.01 billion since mid-October, indicating traders were more cautious. Still, bullish traders aimed for a breakout above $1.21, with technical analysis pointing to a possible rise toward $1.38 if major resistance levels are maintained

according to price analysis

The rally gained further traction after Binance co-founder Changpeng "CZ" Zhao revealed he holds over $2.5 million worth of ASTER.

Prominent traders followed his example

, boosting short-term buying interest. At the same time,

Aster's largest trading contest to date

, with $10 million in rewards, added to the market excitement.

Experts observed that the rally aligned with a broader wave of on-chain optimism.

Aster's total value locked (TVL) reached $1.16 billion

, and its fully diluted valuation (FDV) climbed above $9 billion, showing a premium compared to its current $3.28 billion market cap. Nevertheless,

risks remain

: a drop in user activity and lower protocol fees since mid-October have raised concerns about long-term growth.

Looking forward, bulls are watching the $1.26 level as a key test, with a close above it possibly opening the way to $1.38 and higher

according to price analysis

. "Investors are wagering on Aster's ability to stay competitive with rivals like Hyperliquid," one analyst commented, but also

warned that a drop below $1.10

could revive bearish momentum.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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