Haciyev Reşit 
Onchain data indicates that a large crypto asset management firm is in the process of significantly accumulating ASTER. Activity on addresses associated with Galaxy Digital has caught the attention of investors and analysts, suggesting potential impacts on the altcoin’s market supply and price dynamics.
Galaxy Digital Addresses Show Intense Activity in ASTER
- According to onchain analytics platform Arkham, addresses linked to Galaxy Digital have recently withdrawn very large amounts of ASTER tokens. One address increased its total balance significantly within the last 24 hours by withdrawing tokens from exchanges.
- A 0xFB3B wallet associated with Daniel Larimer and Galaxy Digital withdrew 50 million ASTER tokens from Gate exchange over the past two days. This transaction clearly highlights institutional investor interest and strategic accumulation in ASTER.
Two Whales Making Major Accumulations!
On-chain data reveals that two whales have recently accumulated 116 million ASTER tokens, representing approximately 7.13% of the circulating supply and indicating a significant market concentration.
Additionally, 15 wallets (likely controlled by the same whale) withdrew substantial amounts of ASTER a few days ago. These movements suggest that the whales are strengthening their market positions and increasing their influence over the altcoin.
What is Aster?
Aster is a next-generation decentralized exchange (DEX) designed as a one-stop onchain platform for global crypto investors, offering both perpetual and spot trading.
- In Simple Mode, it allows one-click trading without MEV (miner extractable value).
- In Pro Mode, it provides advanced tools such as 24/7 stock-like perpetual trading, hidden orders, and grid trading across BNB Chain, Ethereum, Solana, and Arbitrum.
A Significant Portion of the Market Is Concentrated in One Place
On-chain data shows that a large portion of ASTER’s supply is held by a few addresses. This presents both opportunities and risks for ASTER investors. Large accumulations can lead to movements that increase price volatility and cause short-term price fluctuations.
The total value of tokens held by these addresses is substantial, and such concentration can directly impact ASTER’s circulating supply. Movements by institutional investors and whales could shape the altcoin’s short- and medium-term price performance.
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