Aster Crypto Volatility Spikes Amid DeFiLlama Actions and MrBeast Speculation
Aster, the cryptocurrency, has been experiencing volatility in recent days. Its price has fluctuated, with notable drops following actions by DeFiLlama. Meanwhile, a significant wallet accumulation has sparked speculation about a potential link to MrBeast.
Aster tested the lower Bollinger Band at $1.75 recently and is currently consolidating near $1.89. The Relative Strength Index (RSI) stands at 47.3, indicating neutral momentum. Despite a 10% price drop to $1.92 after DeFiLlama's action, trading volume has increased by 15.5% to $1.06 billion, suggesting heightened activity.
Open interest in Aster decreased slightly to $1.45 billion, while derivatives volume rose 1.85% to $4.83 billion, hinting at trader caution. An alleged wallet linked to MrBeast has accumulated over $1 million in ASTER, fueling speculation about the influencer's involvement. Aster's daily perp volumes reportedly hit $60 billion in late September, briefly outpacing Hyperliquid. However, DeFiLlama delisted Aster's perpetual futures data due to concerns about inflated volumes and wash trading.
Aster's price is currently at $1.92, down 6% on the day and 21% from its Sept. 24 peak. Analysts suggest it may retest the upper band at $2.01-$2.05 if it regains the $1.92 resistance, or move toward $1.65 if $1.75 is broken. While a wallet accumulation has sparked MrBeast speculation, there's no verified information confirming his involvement. Traders should monitor Aster's price action and volume trends for further insights.
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