Jakarta, Pintu News – As reported by The Crypto Basic, crypto whales are aggressively accumulating ASTER tokens after CEO Leonard announced an ambitious development roadmap.
Based on blockchain analysis from Lookonchain, two major investors recently purchased 118.25 million tokens worth approximately $270.8 million. The amount represents 7.13% of the total circulating supply.
One of them is an entity controlling around 15 wallets, which withdrew 68.25 million tokens worth $156.3 million from Aster DEX in just the last four days. On the other hand, another wallet associated with software pioneer Daniel Larimer and investment firm Galaxy Digital withdrew 50 million ASTER from Gateio in the last two days.
This large accumulation shows the growing confidence of large holders, even though the overall crypto market is still in a bearish trend.
The spike in crypto whale activity comes as CEO Leonard Aster announced the latest big plans for the project. In a session with the community, he confirmed that the team is preparing to launch its own Layer-1 blockchain called Aster Chain.
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Currently still in the internal testing phase, Aster Chain is designed as a privacy-based network with advanced features. The platform promises transaction finality under one second, low fees, as well as built-in perpetual contracts.
More importantly, Aster Chain introduces a verified trading mechanism without revealing user positions-an attempt to balance privacy with transparency in the world of decentralized finance (DeFi).
The timing of this massive purchase by the whales coincides with Leonard’s announcement, indicating that large investors may be anticipating a significant increase in utility once Aster Chain is officially launched.
In addition, Leonard also revealed that the project is in active talks with Binance, a popular crypto exchange in the world, regarding a possible listing. Although no official date has been set, he emphasized that the move is part of their long-term strategy.
“Listing on Binance is in our plans,” Leonard said. “However, negotiations are still ongoing and we can’t share the exact timing yet.”
For the CEO, the main ambition is not just to open up access to trading, but also to build influence. He aims for Aster to become as important to DeFi as Binance is to centralized trading.
In addition to the blockchain launch and discussion of listing on CEX, Leonard also addressed the community’s concerns regarding token value retention. In an AMA session, he confirmed that the team is preparing a token buyback program.
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Although the final details are still under discussion, Leonard said buybacks are the most direct way to reward long-term holders.
He mentioned a competitor, the Hyperliquid (HYPE) exchange, which aggressively repurchased their HYPE tokens. According to him, a program like this can build trust while strengthening the value of the token.
An official announcement regarding the Aster buyback is expected to be released in the coming weeks.
Following the latest developments, the ASTER token recently hit an all-time high [ATH] of $2.4 before stabilizing at around $2.01.
This surge looks even more dramatic when compared to ASTER’s short history. Launched at $0.02 earlier this month, the token has soared more than 10,000%. Today, ASTER has a market capitalization of $3.5 billion, ranking as the 36th largest crypto in the world.
Overall, the rapid rise of ASTER is also attracting attention as it is associated with influential figures. According to a Pintu News report, Changpeng Zhao (CZ), former CEO of Binance, showed his support for the project. His reputation in the crypto industry is said to have helped increase visibility and investor confidence in ASTER.
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