Whales Accumulate $259M in ASTER Tokens
Two whale wallets now hold $259M in ASTER, or 7.82% of the circulating supply.
- Wallet 0xFB3B withdrew $12.95M in ASTER from Gate.io
- Combined whale holdings now total 129.59M ASTER
- Whales control 7.82% of ASTER’s circulating supply
ASTER Whale Accumulation Crosses $259M
In a move raising eyebrows across the crypto space, whale wallet 0xFB3B has just withdrawn 6.34 million ASTER tokens, worth approximately $12.95 million, from Gate.io—bringing its and another whale’s combined holdings to a staggering 129.59 million ASTER, valued at around $259 million.
This amount now represents 7.82% of ASTER’s total circulating supply, pointing to a major concentration of tokens in the hands of just two large holders.
Whale Activity Highlights Growing Interest in ASTER
The consistent accumulation of ASTER by these wallets suggests a strong belief in the token’s future upside. Wallet 0xFB3B, in particular, has been active in accumulating over the past few weeks, with this latest $12.95M withdrawal being part of a larger pattern.
Large-scale withdrawals from centralized exchanges (like Gate.io) are often interpreted as bullish signals, implying that investors plan to hold the tokens long-term rather than trade them immediately. This behavior indicates growing confidence among whale investors, possibly due to upcoming developments in the ASTER ecosystem or broader market trends.
Market Impact of Concentrated Holdings
While whale accumulation can be seen as a vote of confidence, it also raises concerns around centralization and price manipulation risks. If such a large portion of ASTER’s supply is controlled by only two wallets, it could make the token vulnerable to sudden price swings if those holders decide to sell.
For now, however, the steady inflow of capital into ASTER suggests bullish momentum—and smaller investors are watching closely to see if these whale moves foreshadow a larger breakout.
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