The newly launched $ASTER token has endured a volatile first week of trading. After an explosive debut that pushed prices close to $2, the token tumbled by 33% before showing early signs of recovery. With strong backing from Binance founder Changpeng Zhao (CZ) and his family office YZi Labs, the project has drawn massive attention. Now, investors are questioning whether $ASTER’s setback is just a temporary dip or a sign of turbulence ahead.
From Pump to Pullback
$ASTER’s launch on 17 September triggered a frenzy of trading activity. The token climbed rapidly, peaking around $1.94 during its early sessions. However, the momentum didn’t last. Within days, the price collapsed to as low as $1.33 in overnight trading on 22 September, according to CoinGecko data.
By the morning of the same day, it had recovered to $1.59, and at the time of writing, it trades near $1.60, down nearly 10% in the past 24 hours. During its most volatile periods, the token’s 24-hour trading range stretched from $1.31 to $1.86.
Despite the sell-off, volumes remain impressive, with nearly $2 billion traded in a single day. This underlines just how much speculative activity $ASTER has attracted in its opening week.
A Binance-Backed Challenger
Much of the hype surrounding $ASTER stems from its origins. The token positions itself as a new competitor to Hyperliquid, a decentralised perpetuals platform. What has made headlines is the project’s strong backing from CZ, the founder of Binance and his family’s investment firm YZi Labs.
At launch, 704 million tokens were distributed to early participants, with a pathway provided for holders of the APX token to migrate. Interestingly, unlike many airdrop-driven launches where heavy selling drags down prices immediately, $ASTER initially surged before encountering its correction.
The token has also been quickly listed on major exchanges, with perpetual futures trading available to capture speculative interest.
Analysts See Signs of Relief
The big question now is whether $ASTER’s price slide is the beginning of a prolonged correction or simply the market cooling after a rapid rally.
According to CCN analyst Victor Olranrewaju, the drop was likely driven by profit-taking after the explosive debut. He believes technical indicators suggest stabilisation could be underway.
“The Chaikin Money Flow has risen above the zero line, showing that capital inflows are returning and that the token is no longer in overbought territory,” Olranrewaju said.
He also highlighted signs of whale accumulation, with large holders appearing to buy into the dip. If this trend continues, it may provide the foundation for $ASTER to recover lost ground.
What’s Next for $ASTER?
Market watchers are now focused on whether selling pressure will ease and buyers will reassert control. If accumulation persists and trading volumes remain high, analysts believe $ASTER could avoid a deeper correction and push towards fresh highs.
Olranrewaju suggested that the next major target may be $2.50, provided momentum returns and market sentiment improves. Still, given the token’s rapid rise and sharp pullback, caution remains warranted.
As one of the most talked-about new tokens of 2025, $ASTER will likely continue to attract significant attention. Its future trajectory depends not only on speculative interest but also on whether the project can deliver on its promise as a Hyperliquid competitor.
