Aster Price Prediction Dives as Stage 2 Airdrop Sparks Insider Backlash and Wash Trading Allegations

Markets 2025-11-04 09:48

Aster price prediction sentiment flipped bearish after the token collapsed more than 20%, falling from above $2.00 to $1.55 in just days, following the chaotic Stage 2 airdrop. 

Users flooded X with allegations of unfair allocation, insider manipulation, and wash trading as reward distributions skewed dramatically – in some cases, wallets with millions in genuine trading activity received just a fraction of what was expected. 

Market confidence took a hit after DeFiLlama removed Aster’s volume data over suspected spoofing, while on-chain dashboards showed a volatility spike and declining support zones. 

As technicals signal further downside, some traders are now rotating into structured pre-sales like Bitcoin Hyper, which recently surpassed $25 million raised ahead of a price jump.

DeFiLlama Delisting and Airdrop Distribution Controversy Rock Community

The situation escalated quickly after DeFiLlama removed Aster’s perpetuals volume data on October 6, citing near-perfect 1:1 correlations with Binance perpetuals across multiple asset pairs. 

The removal triggered concerns that Aster’s trading activity had been artificially inflated, leading to widespread suspicion of wash trading and market manipulation.

On-chain analysts and protocol watchdogs, including co-founder 0xngmi, flagged integrity concerns. While some platforms like Hyperliquid showed natural decorrelation, Aster mirrored Binance volumes to an unnatural degree. 

Ethereum and other trading pairs showed even stronger correlation patterns, prompting temporary delisting from several volume aggregators.

This development came just as users began receiving their Stage 2 airdrop allocations, which many described as disproportionately low compared to their actual trading activity. 

One case showed a user with $2 million in perpetuals volume receiving only $100 in ASTER tokens, while another wallet generating $100 million in referrals received a mere 338 ASTER. Such imbalances led to accusations that bot-operated wallets and insiders had received outsized portions of the airdrop.

Aster Confirms Allocation Errors, Delays Airdrop by 48 Hours

Facing mounting pressure, Aster’s official X account acknowledged the issue, stating:

“Based on community feedback, we identified potential data inconsistencies affecting certain users’ $ASTER allocation… most users’ allocations should not fall below the final snapshot RH% in each epoch.”

The team offered a 48-hour grace period for users to opt for a USDT refund instead of tokens, with fee refunds promised the day after token distribution. The new distribution date was set for October 20, but the damage to Aster’s brand reputation had already been done.

Aster Price Prediction Dives as Stage 2 Airdrop Sparks Insider Backlash and Wash Trading Allegations

Despite the backlash, Dune Analytics showed the platform added 20,195 new users in 24 hours, raising total user count to 3.24 million. The protocol now holds $1.43 billion TVL, with $254 million in all-time income, but sentiment remains fragile heading into future airdrop epochs.

Technical Breakdown: Bearish Patterns and Sell Signals

Technical indicators further reinforced the bearish outlook. According to analysis, Aster is now testing critical support at the $1.50–$1.56 range, trapped within a symmetrical triangle pattern. Breakdown from this structure could push price toward $0.90 short-term.

Aster Price Prediction Dives as Stage 2 Airdrop Sparks Insider Backlash and Wash Trading Allegations

Here’s the current picture from popular indicators:

  • Current Price: $1.05

  • 1-Month Aster Price Prediction: $0.9071 (–24.71%)

  • 14-Day RSI: 34.71 (approaching oversold)

  • Volatility: 26.52% (extremely high)

  • Fear & Greed Index: 37 (Fear)

  • Green Days: Just 11 of last 30

  • SMA 5: $0.9483 – Buy

  • EMA 5: $1.42 – Sell

The divergence between short-term SMAs and EMAs indicates indecision. Daily sentiment remains risk-averse, and no moving average crossovers suggest upside momentum is returning.

Long-Term Aster Price Prediction Still Shows Gradual Climb

While short-term forecasts remain bearish, long-term Aster price prediction models suggest a slow but steady climb – assuming the platform stabilizes trust and avoids future manipulation scandals.

Projected prices (based on a 5% annual growth model):

  • 2026: $1.10

  • 2030: $1.34

  • 2035: $1.71

  • 2040: $2.18

That said, these predictions are heavily reliant on regaining credibility and continuing platform growth. If future epochs fall short on transparency or fairness, those projections could be cut short by further community rejection.

Users Shift Capital Toward Bitcoin Hyper as Safer Presale Play

Aster Price Prediction Dives as Stage 2 Airdrop Sparks Insider Backlash and Wash Trading Allegations

With confidence shaken, many traders are now rotating into structured presales that offer clearer reward models and more transparent tokenomics. One standout is Bitcoin Hyper, which is nearing its funding cap of $26 million before the next price rise.

  • Current raise: $25,650,278.64

  • Current price: $0.013215

  • Next milestone in: ~1 day

  • Payment options: ETH, BNB, SOL, USDT, USDC, card

Unlike Aster, which relied on trading volume and complex referral activity to determine airdrop amounts, Bitcoin Hyper sets predefined pricing tiers, supply caps, and reward mechanics. The structure appeals to users disillusioned by “mystery reward” models and shifting allocation rules.

In a cycle defined by uncertainty, tokens like $HYPER are gaining traction for offering predictable staking benefits, transparent funding stats, and capped token emissions. 

For investors burned by airdrop missteps, the next move is clear: buy before the price rise – not after the fallout.

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This content is for informational purposes only and does not constitute investment advice.

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