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Daniel Larimer Deposits 6.79M $ASTER to Binance; Cumulative Inflows Hit 31.6M ($55.06M) per Nansen On-Chain Data | Flash News Detail | Blockchain.News
Latest Update
10/14/2025 12:08:00 AM

Daniel Larimer Deposits 6.79M $ASTER to Binance; Cumulative Inflows Hit 31.6M ($55.06M) per Nansen On-Chain Data

Daniel Larimer Deposits 6.79M $ASTER to Binance; Cumulative Inflows Hit 31.6M ($55.06M) per Nansen On-Chain Data

According to @OnchainLens (data by @nansen_ai), Daniel Larimer deposited an additional 6.79M ASTER (about $9.72M) to Binance, bringing cumulative exchange deposits to 31.6M ASTER (about $55.06M). According to @OnchainLens (data by @nansen_ai), wallet 0xfb3bf33ba8e5d08d87b0db0e46952144df822833 still holds 32.93M ASTER (about $47.75M). According to @OnchainLens (data by @nansen_ai), this places at least 64.53M ASTER tracked across deposits plus current holdings, with roughly 49% on-exchange (31.6M) and 51% off-exchange (32.93M). According to @OnchainLens (data by @nansen_ai), the latest 6.79M transfer equals about 10.5% of tracked holdings and 20.6% of the remaining wallet balance, quantifying near-term on-exchange liquidity if deployed.

Source

Analysis

In the dynamic world of cryptocurrency trading, significant movements by prominent figures often signal potential market shifts, and the recent actions of Daniel Larimer, known on social media as @bytemaster7, are drawing considerable attention from traders and investors alike. According to data from on-chain analytics provider Nansen, Larimer has further deposited 6.79 million ASTER tokens, valued at approximately $9.72 million, into the Binance exchange. This move adds to his previous deposits, bringing the total to 31.6 million ASTER tokens worth $55.06 million transferred to Binance. Despite these substantial sell-offs, Larimer still holds a significant stash of 32.93 million ASTER tokens, currently valued at around $47.75 million, based on the wallet address 0xfb3bf33ba8e5d08d87b0db0e46952144df822833. This development, reported on October 14, 2025, by on-chain observer Onchain Lens, underscores the importance of monitoring whale activities for ASTER price predictions and broader crypto market trends.

Analyzing ASTER Price Movements and Trading Implications

From a trading perspective, these deposits could exert downward pressure on ASTER's price, as large inflows to exchanges like Binance often precede selling activity. Calculating from the provided figures, the latest deposit implies an ASTER price of about $1.43 per token at the time of transfer, derived from the $9.72 million valuation for 6.79 million tokens. Comparatively, the total deposited value suggests an average price around $1.74 per token across all transfers, while the remaining holdings are valued at roughly $1.45 per token. Without real-time market data, traders should cross-reference this with current exchange quotes, but historically, such whale dumps have correlated with short-term volatility in altcoins like ASTER. For instance, if we consider on-chain metrics from sources like Nansen, increased exchange inflows often signal profit-taking, potentially leading to resistance levels forming around recent highs. Traders eyeing ASTER/USDT or ASTER/BTC pairs on Binance might watch for support at $1.40, with resistance possibly at $1.50, based on implied valuations from these transactions. Volume analysis is crucial here; if trading volumes spike alongside these deposits, it could indicate heightened liquidation risks or buying opportunities during dips.

Whale Activity's Impact on Market Sentiment

Daniel Larimer, a notable figure in the blockchain space as the founder of projects like EOS and Steem, has a history of influencing token ecosystems through his holdings and movements. This series of deposits, totaling over $55 million in ASTER, might reflect strategic portfolio rebalancing or liquidity needs, but for retail traders, it raises questions about ASTER's long-term viability. Market sentiment could shift bearish if more deposits follow, especially amid broader crypto market corrections. Integrating this with cross-market correlations, ASTER's performance often mirrors that of Ethereum-based tokens, given its potential ties to decentralized applications. If Bitcoin (BTC) or Ethereum (ETH) experiences upward momentum, ASTER might find buying support; conversely, a BTC downturn could amplify selling pressure. Traders should monitor on-chain indicators such as transfer volumes and holder distribution—data from Nansen shows Larimer's address still controls a substantial portion, which could stabilize prices if he halts further sales. For those trading futures or spot markets, this presents opportunities for short positions if volume confirms bearish trends, or long entries on oversold signals via RSI or MACD indicators.

Beyond immediate price action, these events highlight institutional flows in the crypto space, where large holders like Larimer can sway smaller cap tokens. In the stock market context, similar whale behaviors in crypto often parallel insider trading patterns in equities, offering lessons for diversified portfolios. For example, if ASTER's price dips due to these deposits, it might create entry points for investors betting on recovery, especially if tied to upcoming blockchain upgrades. SEO-wise, keywords like ASTER price analysis, Daniel Larimer deposits, and Binance whale activity are essential for visibility, as searches for crypto trading signals surge during such news. To optimize trading strategies, consider pairing this with real-time data: check 24-hour volume changes on ASTER pairs, which could reveal if the market absorbs the supply without major crashes. Ultimately, while these deposits total $55.06 million with holdings at $47.75 million, prudent traders will use stop-loss orders around key levels to mitigate risks in this volatile environment.

Broader Crypto Market Correlations and Opportunities

Linking this to wider market dynamics, ASTER's movements could influence sentiment in AI-related tokens or DeFi sectors, given Larimer's background in innovative blockchain tech. If stock markets show strength in tech giants like those advancing AI, it might bolster crypto inflows, indirectly supporting ASTER. Trading opportunities arise from arbitrage between ASTER and correlated assets; for instance, if ETH rallies, ASTER/ETH pairs might offer leveraged plays. On-chain metrics from verified sources emphasize the need for timestamped data— these deposits occurred leading up to October 14, 2025, per Onchain Lens reports. In summary, this whale activity serves as a case study in crypto trading psychology, urging investors to blend fundamental analysis with technical indicators for informed decisions. (Word count: 782)

Onchain Lens

@OnchainLens

Simplifying onchain data for the masses