Since ASTER TGE, it has risen by 2587%! Whale buying the dip has triggered a FOMO frenzy, aiming for 5 dollars.

On September 25, 2025, the ASTER Token has risen by 2587% since its launch on September 17, with a 30% increase in the last 24 hours to $2.34, a market capitalization of $3.72 billion, and a volume exceeding $2.72 billion. Whale buying the dip and fear of missing out (FOMO) sentiment have driven the number of HODLers up by 7.3% to 61,450, with derivation open interest exceeding $1.25 billion, Hyperliquid accounting for nearly 50%. Supply tightening and CZ's endorsement have intensified the bullish outlook, but six whale wallets holding 96% of the supply have raised concerns about manipulation, with short-term projections potentially extending to $5, while long-term vigilance against large-scale dumping risks is necessary.

ASTER has skyrocketed 2587% since TGE, leading the rise chart

Since the launch of the ASTER Token on September 17 during the TGE, its price has surged by 2587% in just over a week, rising another 30% in the last 24 hours to reach $2.34, with a market capitalization exceeding $3.72 billion, ranking 36th among crypto assets. Data from CoinMarketCap shows that the volume has skyrocketed to $2.726 billion, setting a record since its listing. This round of increase is attributed to the multi-chain perpetual contract innovation of Aster DEX, with a 24-hour trading volume reaching $5.448 billion and a cumulative total of $40.86 billion, and a TVL of $356 million.

On-chain metrics are equally impressive, with the number of HODLers increasing by 7.3% to 61,450, indicating the retention of fresh capital, despite early manipulation concerns. The $2 resistance has turned into a springboard, with FOMO sentiment soaring. The X platform @CryptoGains posted: "The ASTER supply squeeze narrative is perfect, and $5 is within reach in the short term." Traders can focus on the $2.10 support, with small positions taken to capture continued momentum.

Whale buy the dip FOMO turning point: 96% supply concentration raises manipulation concerns

The ASTER Whale is playing the classic strategy of "buying the panic," with 96% of the supply concentrated in 6 wallets, triggering a 16% pullback from a high of $2, leading to large perpetual position liquidations. However, on-chain data shows that smart money is taking advantage of the dip to accumulate. Lookonchain tracked one whale buying 6.72 million ASTER at a cost of $2.08, with unrealized gains reaching $1.09 million in 24 hours. In the past 24 hours, three whale wallets have accumulated 31.26 million ASTER, worth $61.64 million.

In 11 large transactions, 4 were purchases, intensifying FOMO sentiment. Notable accounts like @CookerFlips invested $1.24 million within 3 days and later withdrew $6.7 million, making a profit of over $5 million. The narrative of supply tightening dominates, with a surge in HODLers and perpetual open interest exceeding $1.25 billion, where Hyperliquid accounts for $617 million (almost 50%), indicating liquidity concentration. The short-term outlook is bullish, but it is recommended to set a stop-loss at $1.80 to avoid sudden sell-offs.

Derivation Data: Open Interest 1.25 Billion Hyperliquid Dominates

The derivatives market for ASTER is booming, with the open interest (OI) soaring to $1.25 billion. Hyperliquid (HYPE) dominates with $617 million, accounting for nearly 50%. This data highlights the concentration of liquidity, and short-term volatility may stem from this platform. The supply squeeze narrative is amplified here, with whales buying the dip and fear of missing out (FOMO) driving the long/short ratio bullish, traders can monitor changes in open interest, and if it exceeds $1.5 billion, it may signal a new high.

CZ's public endorsement further ignites momentum, posting on September 22 to congratulate Aster DEX on a 24-hour perpetual trading volume of 3 billion dollars.

X Community View: @SrPetersETH predicts: "ASTER market capitalization 7 billion USD vs HYPE 18 billion USD, the last opportunity before listing on large CEXs." Short-term target $5 (rise 100%), but high OI also amplifies liquidation risk.

Long-term risk: Whale concentration may cause severe fluctuations

The tightening supply and dominance of whales have boosted short-term momentum, but long-term risks are significant. 96% of the supply is concentrated in a few wallets, and a single large sell-off could trigger a chain reaction worth millions or even billions, amplifying liquidations and price fluctuations. On October 1st, 70.4 million APX to ASTER exchange unlocks (8.8% of supply) could bring selling pressure. CoinMarketCap's AI model warns that the speculative momentum after the TGE needs to shift towards sustainable adoption, or it will be difficult to maintain the 2025 peak of $2.074.

Long-term holders should diversify their positions and monitor Whale wallet movements, such as address 0x04EA transfers. Short-term traders can take advantage of high sell and low buy within the $2.00–$2.10 range, but avoid leverage exceeding 5 times.

Conclusion

The 2587% rise of ASTER in a week is attributed to whales buying the dip, FOMO sentiment, and supply squeeze, with HODLers increasing by 7.3% and open interest at $1.25 billion reinforcing short-term bullishness. Hyperliquid's dominance in liquidity may continue to $5. However, with 96% of whales concentrated and the risk of October unlocks, caution is advised for severe volatility. The 2025 forecast averages $1.383, with a peak of $2.074. In Q4 2025, traders need to closely monitor on-chain data and CZ's dynamics to seize DeFi innovation opportunities.

Disclaimer: This article is for news information only and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors should make decisions with caution.