ASTER price jumps past $2 as whales buy 3M tokens worth $5.9M, fueling bullish momentum and speculation of a Binance listing.

ASTER token is showing strength in a consolidating crypto market, posting a 14% gain in the last 24 hours.

The price has surged past $2, rebounding from $1.5 on October 1. This move suggests that the second phase of the ASTER rally may be underway, according to market analysts.

Crypto analyst Lark Davis stated, “ASTER is breaking out of a bull-flag pattern,” which often signals more upside in technical setups. Davis added that $2.40 is the next resistance level. If the token clears this, its next Fibonacci target could be around $2.96.

Whale Accumulation Signals Strong Investor Interest

A large investor has accumulated 2.74 million ASTER tokens worth $5 million in the past 24 hours. This whale still holds $1 million USDT on Aster DEX, which may be used to acquire more tokens.

Whale 0x2459 spent 5M $USDT to buy 2.74M $ASTER again today and currently holds 3.07 $ASTER($5.95M).https://t.co/bJEaFqew27 pic.twitter.com/4wTZqEkasJ

— Lookonchain (@lookonchain) October 3, 2025

With this latest activity, the investor now owns a total of 3.07 million ASTER, valued at approximately $5.86 million. This move follows speculation around a potential Binance listing, which some believe may increase ASTER’s liquidity and trading volume.

Institutional interest appears to be rising as ASTER continues to gain market share across decentralized trading platforms. While the broader market slows, large-scale buying activity may continue to support ASTER’s current trend.

ASTER Leads Perpetual Protocol Volume in September

In September, Perpetual Protocol recorded its highest monthly trading volume, crossing $1.226 trillion. ASTER played a major role, contributing $493.61 billion of that total volume. It was the top-traded asset on the platform during this period.

🔹 Perpetual trading volumes hit a record $1.05T in September, up 48% MoM.
🔸 @Aster_DEX surged to $493B, overtaking @HyperliquidX’s $281B, while @Lighter_xyz posted $165B marking a new era in perp competition as novel infra players rise.

Where do you see this race heading next? pic.twitter.com/fX4Kdeec6C

— House of Chimera (@HouseofChimera) October 3, 2025

ASTER has now surpassed other leading assets like Hyperliquid, which dropped to $282.5 billion from August’s $398 billion. Most of ASTER’s volume came from its trading on Perpetual swaps, where it recorded $420 billion in activity.

The token’s popularity on Perpetual Protocol is backed by strong community engagement and rapid growth. ASTER is built on BNB Chain and supported by YZi Labs, which has been involved in growing its trading ecosystem.

Chain Launch Could Boost Ecosystem

Aster is planning to launch its own ZK-based Layer 1 network, named Aster Chain. This chain is designed to support its expanding trading ecosystem. The goal is to improve speed, reduce costs, and attract more users to its DEX platform.

If successful, the Aster Chain could drive more trading activity and increase the use of the ASTER token within the platform. This development aligns with the recent rise in volume and the ongoing accumulation by large investors.