🚨 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 ...