ASTER Whale Moves 34M Tokens to Aster as Price Slides and Losses Deepen Sharply

ASTER drops 4.4% after a whale moved 34.62M tokens to Aster, while long liquidations hit $2.29M in 24 hours.

ASTER came under selling pressure after a large wallet moved 34.62 million ASTER tokens to Aster.

The transfer was worth about $22.95 million and followed months of limited activity. After the move, ASTER dropped 4.4%, while the whale’s reported losses deepened sharply.

ASTER Whale Moves 34.62M Tokens to Aster

A major ASTER holder deposited 34.62 million ASTER into Aster about nine hours before the reported price decline.

The transfer was valued at about $22.95 million at the time. The move drew attention because the wallet had stayed quiet for months.

The same whale had accumulated 68.25 million ASTER seven months ago. The reported average entry price was $1.66 per token.

That purchase was worth about $113 million at the time. After the latest transfer, the whale still holds 24.25 million ASTER.

The remaining balance is valued at about $15.92 million. Based on the reported figures, the total loss is now above $67 million.

Large wallet transfers often attract attention in crypto markets. However, a deposit does not always confirm a sale.

It may also relate to liquidity, trading, or internal fund movement.

ASTEROID Wallet Becomes Active After Dormancy

A separate wallet also became active after six months of dormancy. The wallet spent 358 ETH to buy 2.62 billion ASTEROID.

The ETH used in the purchase was worth about $828,000. After buying the tokens, the wallet sent them to provide liquidity.

This activity showed a clear change after months without movement. It also came during a period of closer market tracking.

The wallet now holds 156.57 million ASTEROID. It also has 81.64 ETH remaining. That ETH balance is worth about $190,000, based on the reported value.

Traders may continue watching the wallet’s next moves. The remaining ETH could support future activity. Still, no further purchase has been confirmed from the provided data.

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Long Bias Remains Despite Heavy Liquidations

ASTER derivatives data showed traders leaning long across major platforms. Binance ASTER/USDT account long-short ratio stood at 1.1182.

This showed a slight long bias among accounts. Meanwhile, OKX ASTER showed a stronger long bias.

Its account long-short ratio stood at 2.12. Binance top trader accounts also leaned long, with a ratio of 1.3804.

Top trader positions showed an even stronger tilt. The Binance top trader position ratio stood at 1.7141.

This means larger positions were more exposed to long trades.

Aster derivatives show long bias while liquidations hit leveraged longs. Source: Coinglass.

However, liquidation data showed pressure against long traders. Over 24 hours, total liquidations reached $2.31 million.

Long liquidations made up $2.29 million, while shorts were $23.33K. Shorter timeframes also showed mixed trading conditions.

One-hour liquidations were $401.83, all from shorts.  Yet four-hour and twelve-hour data showed heavier long liquidations.

The data points to a cautious market setup. Traders are positioned for upside, but many long positions have been cleared.

ASTER now faces close attention as whale activity and liquidations shape market sentiment.