Aster Token Price Dips 19% Despite Whale Accumulation: Is the Rally Over?

Chart from crypto.news showing the Aster token price and its 9-day SMA.

Summary: The Aster token has experienced a significant price drop of 19% within the last 24 hours, following a rally to $2.40 last week. While whale interest continues to grow, the overall market sentiment may be cooling, causing uncertainty about the token's future performance.

Key Takeaways:

Aster token has fallen 19% in the past 24 hours and 22% over the week, currently trading at $1.56.
Recent price movements show bearish trends, with a series of lower highs and lows.
Despite increased purchases by large holders, the overall market sentiment may be affecting demand.
Critical support lies at $1.50; if breached, the price could drop to the next support level at $1.30.
A significant price recovery would require reclaiming the 9-day SMA and rising above $2.00 with strong trading volume.

Aster Token Price’s Sudden Drop

After an impressive rise to $2.40 last week, the Aster token has suffered a dramatic reversal. This 19% drop in just 24 hours and a 22% decline throughout the week have sparked concerns about whether the DeFi coin has lost its momentum or if this setback is only temporary. At the time of writing, the token is trading at $1.56.

The technical setup for Aster now appears bearish. Analysis of the daily chart displays a pattern of lower highs and lower lows, clearly indicating bearish momentum.

Chart from crypto.news showing the Aster token price and its 9-day SMA.

Pressure on Aster Token Price Amid Whale Accumulation

The recent price decline occurs even while the token has been garnering significant interest from whales. Notably, several large holders have been actively buying Aster in recent weeks. A notable wallet, reportedly linked to popular YouTuber MrBeast, has made significant purchases of Aster tokens in the days leading up to this drop.

Between September 26 and 29, this wallet acquired 705,820 Aster tokens, valued at over $1.28 million at the time. Additionally, it recently spent another $386,000 on tokens, raising its total investment to $1.53 million.

MrBeast (@MrBeast) just bought another 244,179 $ASTER ($386K) 2 hours ago.

He has bought a total of 949,999 $ASTER ($1.53M). https://t.co/DaaMmYIBB9 pic.twitter.com/reaPaAdqn8
— Lookonchain (@lookonchain) October 1, 2025

Other significant wallets are also accumulating Aster tokens, indicating ongoing interest from major players. However, the recent price fall suggests that overall demand may be waning, possibly due to a general downtrend in market sentiment across cryptocurrencies.

Currently, Aster is testing a vital support level around $1.50. If this level fails to hold, the price could drop towards $1.30, the next significant support area. For any recovery to gain traction, the token needs to regain the 9-day SMA and break above the $2.00 mark with strong trading volume. Although a rebound could happen, it seems unlikely in the short term without a substantial market catalyst or a shift in investor sentiment.