Gate Whale takes action! A mysterious investor spends 84 million USD to buy 55 million ASTER.

A mysterious Whale has recently made large purchases of ASTER Tokens on the Gate trading platform, investing over 83.95 million USD in USDT within three days, accumulating about 55 million ASTER at an average cost of approximately 1.53 USD. With the public support from the founder of a major CEX and the release of news regarding the Aster Chain Testnet, the price of ASTER has reached a new high of 2.436 USD, yielding considerable returns for this Whale's investment.

The mysterious whale continues to accumulate ASTER, withdrawing 55 million tokens from Gate within three days

(Source: Arkham)

According to monitoring by the on-chain data analysis platform @EmberCN, a mysterious investor has been continuously buying and withdrawing large amounts of ASTER Tokens from the Gate trading platform over the past three days. The latest data shows that this address transferred 10 million USDT to Gate on September 26, and subsequently withdrew 5 million ASTER worth approximately 10 million USD.

Based on the trading activity of this address over the past three days, this Whale has transferred a total of 83.95 million USDT to Gate and withdrawn 55 million ASTER Tokens, estimating an average purchase price of approximately 1.53 USD. Calculating based on the current market price of ASTER, this investment has already achieved significant unrealized gains.

On-chain analysis experts point out that such large-scale off-exchange accumulation behavior usually indicates that institutional investors are optimistic about the project's long-term prospects or are positioning themselves in advance for significant positive events that are about to happen.

Whale Accumulating Coins Behind: The Rapid Development of the ASTER Ecosystem

ASTER, as the native Token of the decentralized exchange AsterDEX, has shown impressive performance recently. Since the founder of a major CEX publicly endorsed it, the price of ASTER has increased by more than 13 times and has rapidly climbed in the CoinGecko rankings.

AsterDEX CEO Leonard recently announced that the team is conducting internal testing of Aster Chain, a news that further propelled the rise of ASTER prices. In an interview, Leonard stated: "We will also launch our own blockchain L1. It is currently in the experimental stage and undergoing internal testing. However, our design philosophy is to protect transaction privacy while providing verifiability of transactions."

In addition, the business data of the AsterDEX platform is also quite impressive:

· The average daily income has exceeded 10 million USD, second only to Tether in the past 24 hours, even surpassing Circle.

· Launched 300x leverage trading feature, attracting a large number of risk-seeking traders.

· The trading volume of perpetual contracts has reached a new high in the past three days.

· The founder of a large CEX publicly supports and debunks market rumors

The founder of a large CEX continues to emphasize the credibility of AsterDEX and has strongly criticized those spreading false information. He explicitly refuted rumors on social media that he is a liquidator for AsterDEX, warning the community to "beware of such false information."

As an important opinion leader in the cryptocurrency industry, the public support of the founders of large CEXs undoubtedly brings a huge trust endorsement to ASTER, which is also one of the important factors driving its price to continue rising.

Exchange holdings suggest potential listing opportunities

In addition to individual investors, multiple exchanges are also continuously accumulating ASTER, which is interpreted by the market as a signal of potential listing. According to data from Lookonchain, major exchanges like Gate have already started accumulating ASTER tokens.

An anonymous cryptocurrency analyst stated: "Exchange accumulation is usually preparatory work before a listing, especially when the accumulation scale is relatively large. Considering ASTER's recent performance and market attention, the likelihood of being listed on mainstream exchanges is quite high."

ASTER Technical Analysis and Price Prediction

From a technical perspective, the 15-minute chart of ASTER shows that the price has broken through the range after reaching a new high. Currently, ASTER is trading above the 7, 25, and 99-day moving averages, indicating that even in the short time frame, the bullish trend remains strong.

Market analyst Ran Neuner believes that with the upgrade in discussions regarding the target price of ASTER, ASTER may reach 5.40 USD. In a more conservative forecast, a target price of 3 USD seems more feasible.

However, investors should also be aware that after such drastic price fluctuations, the market typically experiences a certain degree of pullback. Assessing trading risks is crucial for formulating a reasonable investment strategy.

Compared to other similar DEX Tokens, ASTER demonstrates unique advantages in the following aspects:

· Strong team background and industry resources

· Innovative technology architecture and product design

· Efficient income model and sustainable development potential

These factors together constitute the investment value of ASTER in the current market environment and are also the core reason attracting Whales to buy in large quantities.