The ASTER price has grabbed headlines this week after on-chain data revealed massive deposits by Galaxy Digital, a leading institutional player in the crypto space. According to blockchain trackers, a wallet linked to Galaxy transferred over 40.8 million ASTER, worth roughly $68 million, into Binance over the past week. Additional smaller deposits totalling $12 million were recorded in the last 24 hours, fueling speculation that Galaxy may be providing liquidity or preparing for deeper market participation.
Despite the potential risk of sell-side pressure, ASTER’s price reacted positively—surging nearly 18% in 24 hours and stabilizing above $1.55. The move suggests traders are interpreting Galaxy’s actions as a vote of confidence rather than an exit strategy.
Historically, when major institutions increase exchange exposure, it tends to amplify liquidity and trading depth, key ingredients for sustainable growth. Market analysts note that ASTER’s open interest and trading volumes have spiked in tandem, signaling robust participation from both whales and retail investors.
The optimism around ASTER extends beyond the deposits. The project’s DEX performance, growing revenue streams, and Binance-linked narrative continue to attract attention. A surge in social activity, including reports of high-profile influencers and whales accumulating ASTER, has amplified the momentum.
If Galaxy’s deposits are part of a liquidity provisioning strategy rather than immediate sales, the increased market depth could further stabilize volatility, paving the way for stronger upside moves.
Aster price dropped below $1 during the latest market crash, at a time when the token was trying to stabilize above $2. After the rebound from the lows at $0.9156, the token has been forming consecutive higher highs and lows, suggesting the growing dominance of the bulls. As long as the Bitcoin price sustains above $110,000, the crypto markets, including the Aster price, are believed to chase the crucial resistance.
The short-term price action of Aster suggests a minor pullback before the next move. The Bollinger bands are squeezing, indicating a drop in volatility. On the other hand, the Stochastic RSI has entered the overbought range and is preparing for a bearish crossover. With this, the Aster price may test the local support at $1.44 and tigger a rebound. The momentum is in favour of the bulls, and hence, the price is poised to rise and break above the ascending triangle and reach $2.1.
Collectively, ASTER sits in a crucial accumulation phase, with institutional activity hinting at renewed confidence despite market volatility. A drop below $1.2 could offer short-term buying opportunities, but sustained liquidity and DEX growth may fuel a rebound toward $3–$5 in 2025. If bullish momentum strengthens, the token could even challenge the $8–$10 zone later in the year. Overall, ASTER’s fundamentals and increasing whale participation suggest that the current consolidation may be laying the groundwork for its next major uptrend.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Story Highlights The live price of Ondo Price is Ondo price could reach a high…
Story Highlights The Live Price Of Pump.fun is PUMP price surged 180% in 30 days,…
Story Highlights The Live Price Of MYX Is With innovation in cross-chain derivatives and rising…
CMB International, the investment arm of China Merchants Bank, has brought its $3.8 billion Money…
XRP’s reputation has outlasted multiple market cycles, but 2025 has changed the conversation. Regulatory clarity…
Former FTX founder Sam Bankman-Fried (SBF) has once again stirred controversy, this time accusing the…