Aster is currently trading at $1.92, down 6% on the day. The token hit an intraday low of $1.80 after peaking at $2.09, before recovering slightly. Compared to its September 24 high of $2.09, Aster is now down 21%.
The recent drop follows DeFiLlama’s decision to delist Aster’s perpetual futures data over concerns of inflated trading volumes. Despite the decline, Aster saw $1.06 billion in trading volume over the past 24 hours, a 15.5% increase from the previous day, indicating heightened activity amid the sell-off.
Data from Coinglass shows open interest slightly falling by 0.02% to $1.45 billion, while derivatives volume rose 1.85% to $4.83 billion. This suggests that although trading activity is higher, traders are cautious and not opening many new positions following the delisting.
DeFiLlama delists Aster perpetuals amid wash trading concerns
On October 5, DeFiLlama co-founder 0xngmi noted on X that Aster’s trading volumes had started mirroring Binance’s data almost exactly, especially on pairs like XRP/USDT and ETH/USDT. Such a near-perfect correlation is statistically improbable in DeFi markets and raised concerns over the authenticity of Aster’s reported trading activity.
DeFiLlama explained that it could not verify lower-level order details, such as market maker or filler addresses, limiting its ability to determine whether trades were genuine or artificially inflated. Consequently, Aster’s perpetual futures data was removed from the DeFiLlama dashboard, though its spot trading and total value locked (TVL) data remain listed.
Aster, a decentralized perpetual DEX built on BNB Chain and backed by YZi Labs, has not released an official statement. The delisting comes after reported trading volumes surged, with Aster’s daily perpetual volumes reportedly reaching $60 billion in late September, briefly surpassing Hyperliquid.
Community reactions on X were mixed. Some users praised DeFiLlama for defending data integrity, while others accused the platform of bias. Co-founder 0xngmi denied any conflicts of interest, emphasizing that neither he nor DeFiLlama had financial exposure to Aster or rival Hyperliquid.
Aster price technical analysis
Aster recently tested the lower Bollinger Band at $1.75 and is now consolidating around $1.89, according to the one-hour chart. Following the steep drop, the token is hovering near the middle band at $1.88, signaling potential short-term stabilization.
The market shows neutral momentum, with the relative strength index (RSI) at 47.3, suggesting that Aster is neither overbought nor oversold. If the token clears the $1.92 resistance, it could retest the upper Bollinger Band between $2.01 and $2.05. On the downside, a break below $1.75 could push the price toward $1.65, a key support level from late September.
The price action signals a modest recovery attempt, but recent volume spikes highlight continued high volatility. Until market confidence strengthens or on-chain transparency improves, Aster may continue to face challenges despite occasional short-term rallies.
