Aster DEX Faces Rocky Start to October as Price Drops 15%
Aster, the decentralized trade (DEX) that has gained traction in current weeks, is dealing with mounting scrutiny and a rocky begin to October.
It follows the DEX’s transfer to acknowledge inconsistencies in its Team Boost dashboard knowledge alongside accusations of inflating buying and selling volumes.
Aster Price Drops 15% Amid Data Discrepancy Concerns
The controversy has coincided with a pointy sell-off within the ASTER token, which fell nearly 16% within the final 24 hours. As of this writing, ASTER was buying and selling for $1.57.
The transfer left some merchants liquidated, however others proceed to maintain out hope, anticipating a break above a vital resistance trendline.
The drop comes as Aster DEX admitted to discrepancies within the private dashboards of Stage 2 customers throughout Epoch 3.
“These points could have been associated to how the mechanism was offered and described, which might have induced some confusion,” the group wrote.
It issues the Aster Genesis program, DEX’s initiative to distribute 4% of the ASTER token provide through an airdrop and reward customers for buying and selling and referrals.
Stage 2 started earlier in 2025 and is in its last section with two epochs left, ending on October 5, 2025, at 23:59 UTC. Epoch 3 is the present weekly cycle (Monday 00:00 UTC to Sunday 23:59 UTC), making this concern well timed as customers maximize Rh factors for the airdrop.
The Team Boost Mechanism function permits customers to earn up to a 1.5x multiplier on Rh factors primarily based on their referral group’s cumulative buying and selling quantity.
The inconsistency suggests a show error or a calculation flaw, impacting perceived rewards. With Stage 2 nearing its finish and ASTER’s current 6,000% surge, correct knowledge is essential for customers farming points and buying and selling leveraged positions.
Aster assured customers that fixes are underway and changes are anticipated to be accomplished quickly. Notwithstanding, different customers expressed dissatisfaction with the mission and referred to as for extra transparency.
The group has voiced deeper issues, with some customers questioning the validity of Aster’s reported buying and selling exercise. Among them, a person famous that the mission had claimed $560 billion in quantity between September 22 and 28 throughout Epoch 3.
“This quantity doesn’t match Dune or DefiLama, so please take all my numbers with a grain of salt, as ASTER is clearly snug with manipulating RH as they please,” he wrote.
Aster Price Outlook Amid Community FUD
These allegations strike on the coronary heart of Aster’s ongoing airdrop campaign, which has been a key driver of person participation.
Inflated figures might undermine belief within the reward system’s equity, particularly as some customers report shedding important funds through the newest value drop. Nevertheless, Binance executive Changpeng Zhao sees the drop as a shakeout for weak palms.
Despite the sharp decline, neither Aster’s group nor the DEX’s CEO, Leonard (likely a pseudonym), has straight addressed the accusations of quantity manipulation or wash buying and selling.
Meanwhile, the ASTER/USDT buying and selling pair reveals that the ASTER value could also be getting ready for a bullish transfer.
On the one-hour timeframe, the Aster value has been consolidating inside a falling wedge sample since September 24. This is a bullish reversal sample in technical analysis. It hints at a 24% upside if the ASTER value exceeds $1.8078.
Based on the bullish quantity profiles (blue horizontal bars), ASTER bulls wait to work together with the worth upon breakout, probably accentuating the 24% rally to the $2.2657 goal goal.
However, primarily based on the bearish quantity profiles (yellow horizontal bars), the $1.9814 resistance stage is essential, with loads of bears additionally ready to work together with ASTER value round that stage.
However, the RSI (Relative Strength Index) indicator place beneath 50 is regarding. Despite its larger highs suggesting rising momentum, its place beneath 50 hints that bears proceed to overpower the bulls.
Accordingly, the resistance at $1.6972 could maintain, and the ASTER value is probably going to be rejected at this stage. Such a transfer might lengthen the consolidation, probably setting one other decrease low for the DEX token across the $1.4000 psychological stage.
The submit Aster DEX Faces Rocky Start to October as Price Drops 15% appeared first on BeInCrypto.
