- ASTER is consolidating after a 2000% rally, with whales and even MrBeast buying into the dip.
- Support at $1.70–$1.75 is critical; losing it risks a deeper slide toward $1.60.
- Aster’s quick response to the XPL contract glitch and strong trading volume shows resilience despite market jitters.
After exploding nearly 2000% last week, ASTER has cooled off, sliding back in line with the broader market dip. Some traders see this as noise, while others are calling it a classic buy-the-dip setup, especially with whales loading up and Aster’s daily perpetual trading volumes smashing past $46 billion.
Consolidation Around Key Levels
From a high of $2.40, ASTER has been grinding sideways, now holding around $1.80. Elliott Wave calls from earlier this week seem to be playing out almost to the letter — a push to the top, a pullback, and now a battle for stability.
The $1.70–$1.75 support range is the line in the sand. Lose it, and ASTER could test $1.57–$1.63, where buyers are expected to step in harder. Crypto analyst Altcoin Sherpa noted that the structure still looks healthy overall, but warned that ASTER’s upside may stay muted if Bitcoin keeps dragging its feet. He himself has trimmed back, keeping about 25% of his original bag while tracking liquidity shifts.
Whales and MrBeast Pile In
On-chain data has revealed serious whale activity. One address scooped up 55 million ASTER over the past couple of days — worth around $115 million at cost. Right now, that stack is sitting on a paper loss of about $13 million, but the size alone shows conviction.
Even more eye-catching, YouTube giant MrBeast has also entered the game. His wallet activity shows purchases of 538,384 ASTER, roughly $990,000 worth, at an average price near $1.87. He first funded his Aster wallet with 1M USDT before moving half into ASTER, leaving the rest untouched for now. His entry has sparked speculation about whether ASTER could ride another wave of hype.
Aster Reimburses Traders After Contract Glitch
Amid the volatility, Aster dealt with a perpetual contract glitch on the XPL market that spiked prices from $1.30 to $4 in minutes. The exchange moved fast, reimbursing all impacted traders in USDT and confirming that funds were safe. No total compensation figure was disclosed.
The event happened right after Plasma’s mainnet launch and the rollout of its native XPL token, which locked more than $2 billion in stablecoins on day one. With XPL’s fully diluted valuation already past $12 billion, Aster’s handling of the hiccup has been seen as a confidence boost, showing it can manage rapid-fire events without losing user trust.
