Although markets often react quickly to high-profile endorsements, the debut of Aster token (ASTER) on September 17, 2025, produced an unusually sharp market response, with first-day trading surging roughly 1,650% to about $0.528 and trading volume hitting $345 million as roughly 330,000 new wallets were created. The immediate spike reflected intense demand and social media-driven interest following public support from Binance CEO Changpeng Zhao, and early liquidity was further bolstered by Binance Alpha listing the token within hours. Some large investors entered near $0.0089, producing outsized paper gains for those who retained positions, while the platform reported initial income of $466,838 on launch day and accumulated earnings approaching $49.2 million shortly thereafter. Influencer Cooker Flips invested approximately $1.24 million in Aster, acquiring 5.57 million tokens and realizing an unrealized profit exceeding $5 million within a week.
Aster’s September 17 debut exploded—1,650% first-day surge, $345M volume, 330k new wallets, Binance-fueled frenzy.
Market metrics expanded rapidly over the subsequent week, with ASTER price crossing $1.18 in under seven days, representing more than a 1,300% increase from launch levels, and market capitalization rising to about $2 billion by late September 2025. Trading volumes became consistently elevated, often near or above $1 billion over 24-hour windows, while circulating supply was reported at roughly 1.66 billion tokens, which informed market depth and valuation calculations. Total value locked jumped from $660 million to over $1 billion within the first 24 hours, indicating substantial capital inflows into the protocol’s liquidity pools and derivatives infrastructure. The platform also reported that total platform users reached approximately 1.848 million, reflecting rapid user adoption.
User adoption metrics showed rapid platform uptake, as total users reached about 1.848 million with seven-day additions exceeding 617,000 and daily new users around 53,000, supporting a 24-hour platform trading volume near $1.5 billion. The protocol’s dual-mode trading system and perpetual markets offering up to 50x leverage targeted both novice and experienced traders, increasing activity but also elevating leverage-related risk profiles. Trading remained confined to AsterDEX spot markets until October 1, a restriction that limited listing liquidity and posed potential volatility when centralized exchange listings were expected to commence.
Analysts pointed to key technical levels, identifying resistance near $0.73 to validate a further bullish run and support around $0.55 to prevent deeper declines, while observers noted that investor concentration and scheduled token *release* could produce sharp price swings, suggesting cautious monitoring of on-chain flows and centralized listing developments.
