Aster Crypto Price Plunges After Delisting, MrBeast Invests $1M
Aster, the cryptocurrency, has seen a significant drop in price following the delisting of its perpetual futures data by DeFiLlama. The token's daily trading volumes briefly surpassed Hyperliquid, reaching $60 billion in late September. Meanwhile, MrBeast, the popular YouTuber, has invested nearly $1 million in ASTER tokens.
Aster's price has been volatile, trading at $1.92 after a 6% decline on the day. It had earlier slipped 16% intraday following DeFiLlama's decision to delist its perpetual futures data due to suspicions of wash trading. DeFiLlama suspected that Aster's trading volumes were too closely mirroring Binance's data, suggesting potentially manipulative practices.
MrBeast, known for his philanthropic acts, recently acquired 538,384 ASTER tokens through two public wallets (0x9e67 and 0x0e8A), funded by a $1 million USDT deposit. This investment, worth nearly $1 million, signals a vote of confidence in Aster despite the recent price fluctuations.
Aster's derivatives volume rose 1.85% to $4.83B, while open interest held steady at $1.45B. The token's price is currently consolidating near $1.89, with the market neither oversold nor overbought, as indicated by the RSI at 47.3. Key support for Aster sits at $1.75, and if this level is broken, the price may move toward $1.65.
Aster's price has been impacted by DeFiLlama's delisting decision, with MrBeast's investment providing a notable counterpoint. The token's price and trading volumes will continue to be watched closely, with key support levels at $1.75 and $1.65. The cryptocurrency market remains dynamic, with regulatory actions and high-profile investments shaping price movements.
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