ASTER Price Prediction: Community Rage Over “Disappointing” Airdrop as ASTER Falls 20% to $1.55 – Is This the Bottom?
ASTER price prediction eventualities turned bearish as the token plunged over 20% to $1.55 following widespread group outrage over Stage 2 airdrop allocations.
Users with tens of millions in buying and selling quantity and substantial charges paid acquired rewards value mere lots of of {dollars}, triggering accusations of insider manipulation and unfair distribution.
The decline started after DeFiLlama removed Aster’s volume data on October 6 due to suspected wash buying and selling, citing a 1:1 correlation with Binance perpetuals throughout a number of pairs.
Technical evaluation reveals ASTER testing key $1.50-$1.56 assist inside a symmetrical triangle sample, whereas 153,932 qualified wallets prepare to declare tokens amid ongoing allegations.
Airdrop Backlash and Wash Trading Allegations Trigger Selloff
ASTER Stage 2 airdrop distribution sparked group fury with customers reporting dramatically decrease allocations than anticipated.
One dealer with $2 million perpetuals volume received roughly $100 value of tokens, whereas one other producing $100 million in referral volume earned simply 338 ASTER tokens.
Lmao I acquired 338 $ASTER airdrop
Having 250 signups, $100M quantity from referrals, doing fairly first rate quantity myself and having positions open, But nonetheless I solely acquired 338 $ASTER (I anticipated it to be little or no).
I stated it in the previous few days and can say it once more: Aster & Binance… pic.twitter.com/hStsRjhEZR
— Quinten | 048.eth (@QuintenFrancois) October 10, 2025
A person incomes 15 million factors by over $10 million quantity and $2,830 in charges received 2,245 ASTER worth approximately $3,600. The allocation represented solely $800 revenue after bills, prompting comparisons to competing DEX airdrops deemed way more beneficiant.
Community members accused the Aster crew of diluting shares by 50% earlier than epoch 3 ended with out fixing the challenge.
Claims emerged that wash merchants and insiders captured the majority of allocations whereas real customers acquired minimal rewards regardless of substantial platform engagement. One detailed account compared two wallets displaying 5.64 million factors from actual buying and selling acquired 85 tokens, whereas 4.53 million factors from bot exercise acquired 275 tokens.
The disparity fueled accusations of insider distribution, contradicting guarantees to discourage wash buying and selling. Hours after widespread backlash, the Aster crew acknowledged potential data inconsistencies affecting allocations.
The crew acknowledged most customers’ allocations shouldn’t fall beneath the last snapshot RH% in every epoch, promising to evaluate and replace the place wanted inside the coming days.
The announcement delayed the ASTER airdrop to October 20, with customers receiving 48 hours after allocation updates to choose the USDT refund possibility.
Fee refunds will happen in the future after token distribution for customers selecting refunds over tokens.
Earlier this week, DeFiLlama eliminated Aster’s perpetual futures quantity information after detecting correlation ratios approaching 1:1 with Binance throughout XRP/USDT and different pairs.
Co-founder 0xngmi cited information integrity considerations, noting Hyperliquid confirmed decorrelation whereas Aster volumes mirrored Binance almost completely. The platform lacks entry to maker-taker information wanted to confirm whether or not wash buying and selling occurred.
Correlation patterns appeared much more excessive for ETH and different property, prompting non permanent delisting till verification turns into potential.
Blockchain investigator ZachXBT also criticized the normalization of wash buying and selling after business determine Anndy Lian argued all crypto initiatives interact in such exercise.
In the final 24 hours, the Dune Analytics dashboard revealed $2.3 trillion whole buying and selling quantity, $1.43 billion TVL, 3.24 million customers, and $254 million all-time earnings.
The platform added 20,195 new customers in 24 hours regardless of controversy.
Triangle Apex Testing Coincides With Maximum Pessimism
ASTER’s 4-hour chart positions value at $1.56 with a 7.21% decline, testing key assist following breakdown from $2.34 highs.
Multiple resistance ranges at $1.74, $1.97, and $2.12 mark failed bounce makes an attempt, making a descending sample indicating distribution.
Current positioning close to $1.50-$1.56 assist is a make-or-break degree for sustaining the earlier uptrend construction. Breaks beneath this zone may set off accelerated decline towards $1.29-$1.50 purple zone as promoting stress intensifies.
More carefully, the day by day chart reveals a symmetrical triangle sample with ASTER close to the apex, the place converging trendlines power imminent decision. The sample exhibits descending resistance and ascending assist, creating compression that sometimes resolves inside brief timeframes.
Bullish projections of this analyst goal $3.00+, which is 90% positive aspects from present ranges. However, latest value motion assessments the decrease boundary, which has created a draw back breakdown danger moderately than a projected upside decision.
Contrarian indicators suggest most group pessimism with questions on whether or not “everybody has given up.”
Such sentiment extremes typically coincide with promoting exhaustion, although technical proof exhibits a transparent downtrend with out panic quantity traits, which at the time of publication, the value peaked at $1.7 – $1.8 vary.
Airdrop disappointments sometimes set off cascading selloffs as individuals who amassed particularly for distribution liquidate positions.
The rapid 20% decline aligns with typical post-airdrop patterns, although the magnitude suggests disappointment exceeded regular expectations.
ASTER’s subsequent trajectory is dependent upon defending $1.50-$1.56 assist zone or dealing with breakdown towards $1.30-$1.40 ranges, which shall be an extra 15-20% draw back.
Successful protection may set off a reduction bounce towards $1.80-$2, although sustained restoration requires overcoming a number of resistance ranges and rebuilding broken sentiment.
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