Aster’s User Base Explodes with 1.8 Million Total Users
Aster (ASTER) experienced a remarkable 105% price increase, soaring from $0.38 to a new all-time high of $0.78 before slightly pulling back. At the time of writing, the token was trading around $0.65, marking a daily gain of over 55%. During this period, Aster’s market capitalization jumped 51% to $1.3 billion, alongside a 25% increase in trading volume, reaching $400 million — indicating robust capital inflows and heightened on-chain activity.
What Fueled Aster’s Rally?
The primary driver behind Aster’s surge was the recently launched 1:1 swap from APX to Aster tokens. This token swap prompted holders to convert their APX tokens rapidly, triggering a spike in demand that pushed prices upward. Binance supported this transition by suspending APX trading on September 19th and automatically converting APX tokens held by Binance Alpha users.
Adding to the momentum, Binance’s former CEO, CZ, shared Aster’s price charts on X (formerly Twitter), praising the project:
“Well done! Good start. Keep building!”
This social media endorsement amplified investor interest and market activity, contributing further to the price rally.
Whale Accumulation and Rising On-Chain Activity
As market volatility eased, large holders—whales—began accumulating Aster aggressively. Data from Nansen shows whales purchased approximately 1.7 billion tokens within three days. On-chain tracking by Lookonchain revealed a whale transaction involving 3.59 million ASTER tokens valued at $2.11 million.
Simultaneously, user activity surged, with total users climbing to 1.8 million and daily new users reaching over 53,000, according to Dune Analytics. This uptick highlights growing network adoption and organic demand behind Aster’s price movement.
