Aster Whale Dumps $23M Tokens
Aster whale deposits 34.62M ASTER ($22.95M) after buying at $1.66, triggering 4.4% price drop; still holds $15.92M amid $67M loss.
SourceA major Aster whale, who snapped up 68.25M $ASTER tokens worth $113M at $1.66 just seven months back, unloaded 34.62M $ASTER ($22.95M) into the Aster ecosystem nine hours ago, sparking an immediate 4.4% plunge in the token's value. This move leaves the whale holding 24.25M $ASTER ($15.92M), nursing a brutal $67M loss overall, as tracked by on-chain data—echoing broader crypto whale activity seen in assets like Bitcoin amid volatile swings.
Zooming into the 4-hour chart, $ASTER trades at $0.64, slamming against lower support while the EMA50 at $0.67 and EMA200 at $0.68 loom as stiff overhead resistance in this entrenched bearish trend. RSI clocks in oversold at 23.91, hinting at exhaustion and a possible snap-back rally, but the MACD's death cross at -0.01 screams sustained downside momentum—confluence here points to volatility bands testing their limits, with upper resistance at $0.69 capping any upside before price potentially craters further toward fresh lows, much like recent Aster price prediction models factoring in crypto market dump risks.
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