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Aster Price Surges 2,800% After Changpeng Zhao Endorsement as Innovative ‘Hidden Orders’ Drive Institutional Volume
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FinanceFeeds
A blockchain advisor and founder of Ajoobz, Elja (@eljaboom), tweeted that Aster ($ASTER) has surpassed Hyperliquid ($HYPE) in 30-day fees.
On-chain inspection has revealed outrageous concentration of the supply: up to 96% of cumulative ASTER supply is held by six addresses.
This threat must be considered in any long-term Aster price prediction because it could lead to wild volatility.
•\tTrading Volume: The platform has exhibited a remarkable uptick in activity, with 24-hour perpetual trading volume rising into the tens of billions.
An estimated 96% of the total ASTER token supply is concentrated in just six wallets, with the single largest wallet controlling 44.7%.