elixir, deusd, stream finance. Photo by BeInCrypto Aster’s steady three-week uptrend has been abruptly interrupted as broader market conditions weakened, dragging the altcoin lower. The shift reflects rising bearish pressure across the crypto market, putting Aster at risk of deeper losses.  However, whale behavior suggests that a full breakdown may still be avoided if their support continues. Aster Whales Stand Firm Aster’s MACD indicator is signaling a potential shift in momentum. For the first time, ...

🚨 TODAY: CZ said he will stop revealing his investments after his $ASTER token buy caused sharp market swings. https://t.co/gsQ8BiUYV1 ...

Token Information - ASTER token is available for swapping in Trust Wallet [1] Platform Functionality - Trust Wallet facilitates direct token swaps [1] Resources - A YouTube guide is provided for using Trust Wallet [1]

Core Insights - Aster has compensated users who lost funds due to a price glitch on its decentralized exchange (DEX) [1] Price Glitch - On September 25, the Plasma (XPL) perpetual trading pair experienced abnormal price movements, with XPL surging to $4 on Aster while other exchanges listed it at approximately $1.3 [2] - The glitch is speculated to have resulted from an incorrectly configured index set by the Aster team, leading to a price jump that did not sync with the live market [3] Market Reaction - Following the price glitch, Aster's ASTER token initially dropped by around 14% from $2.03 to $1.74 but has since recovered to $1.91 [4] - Aster's market cap is currently at $3.18 billion, ranking it 36th among the top 100 cryptocurrencies [4] - Plasma's XPL token has seen a significant increase of nearly 60% in the past 24 hours, trading at $1.20 with a market cap of $2.17 billion, ranking it 49th among cryptocurrencies [5][6]

Core Insights - Aster, a decentralized perpetuals exchange, has reimbursed traders for losses incurred due to an abnormal price spike in its XPL perpetual contract, which surged to over $4 while trading at approximately $1.30 on other platforms [1][2][3] Group 1: Incident Overview - The price disruption occurred late Thursday evening, leading to forced liquidations as the price of XPL spiked unexpectedly [2][3] - Aster confirmed the incident was resolved within an hour and began reimbursing affected users in USDT, completing the initial round of reimbursements within three hours [3][7] - The cause of the price spike is speculated to be an internal oversight during the transition from pre-launch to live trading for XPL contracts, although Aster has not officially confirmed this [3][4][7] Group 2: Compensation and Market Impact - Aster has pledged to investigate the incident further and has committed to compensating users for trading and liquidation fees, with estimates suggesting that liquidations may have reached into the millions [4][6] - The XPL listing occurred shortly after the mainnet launch of Plasma, which saw over $2 billion in total value locked in stablecoins, positioning it among the top 10 blockchains by stablecoin liquidity [5] - Despite the incident, Aster's market presence has been growing, with its valuation increasing from $560 million to over $15 billion since the launch of its ASTER token on September 17, and it has recently surpassed rival Hyperliquid in daily perpetuals volume [6][7]

Can it Become the next Hyperliquid with Binance's support?Aster has rapidly risen to the top ranks of the Perp DEX market, surpassing $1 billion in TVL. Backed by YZi Labs and Binance founder CZ, Aster offers innovative features like ASTER token airdrops, low fees, high-performance trading, US stock perpetuals, ZK privacy orders, and multi-chain deployment. Its dual trading modes, Pro and 1001x, cater to different user needs. Read more: https://t.co/hBoRyh1x9x ...