🐋 Whale Sells
$ASTER at 30% Loss, Locking in $797K
Lookonchain has reported that trader wallet 0x913c recently sold a large amount of ASTER tokens at a loss. The trader sold 2.57 million ASTER tokens for about $1.85 million. The sale happened roughly four hours before the post was shared.
The trader had bought these tokens around two months ago. At that time, ASTER was trading much higher. The entry price was close to $1.03 per token. Selling at $0.72 resulted in a loss of roughly $797,000, which is about a 30 percent decline.
🔸 Breaking Down the Trade
On-chain data shows that this was not a small retail trade. The size of the position suggests a whale or large investor. Buying millions of tokens usually reflects strong conviction or long-term expectations. However, the final outcome shows how quickly sentiment can change in the crypto market.
The timing is also important. The purchase happened during a period of high excitement around ASTER. Prices were rising fast, and many traders expected continued growth. The later sell suggests that confidence has weakened or that the trader decided to cut losses instead of waiting longer.
🔸 What Is ASTER and Why It Matters
ASTER is the token linked to Aster DEX. Aster is a decentralized perpetuals trading platform that launched in 2025. At its peak, the project attracted strong attention and large trading volumes. The token price surged during that phase, pushing the project to a very high market valuation.
Since then, conditions have changed. Price pressure has increased as early holders sold their tokens. Token unlocks and reduced trading activity have also added stress.
🔸 Market Reaction and Sentiment
Large sell-offs like this often affect market psychology. When a whale exits at a loss, smaller investors take notice. Some may see it as a warning sign and choose to sell. Others may view it as capitulation and hope the worst is over.
In this case, community reactions appear mixed. Some traders criticize early hype around the project.
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