Aster Faces Manipulation Claims as Analyst Flags 8 Bull Traps
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Analyst Ardi alleges systematic market manipulation on Aster perpetuals, identifying 8 bull traps following a 3-step playbook that squeezes shorts, fakes breakouts, then nukes longs. Binance 4-hour perpetual chart shows every move above $0.70 was sold down within hours; Aster trades around $0.67 with a market cap of $1.65 billion. Allegations raise trading risk and security/reputational concerns for this DeFi perpetuals token, implying negative token performance, adoption headwinds and potential regulatory scrutiny in crypto markets.
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- Analyst Ardi identifies eight bull traps on ASTER as part of an alleged market-maker scheme.
- Alleged three-step playbook squeezes shorts, fakes breakout, then nukes longs repeatedly.
- A four-hour Binance chart shows every move above $0.70 sold back down within hours.
Aster, the decentralized perpetuals platform trading around $0.67 with a market cap of $1.65 billion, is facing public accusations of market manipulation from traders who claim its own market maker is systematically wiping out both long and short positions in a repeating cycle.
The allegations were laid out in detail by analyst Ardi, who described what he calls eight identifiable bull traps across multiple price ranges, each following the same three-step pattern.
The Chart That Started the Conversation
The four-hour ASTER perpetual chart on Binance tells a story that Ardi says speaks for itself. T…
Read The Full Article Aster Faces Manipulation Claims as Analyst Flags 8 Bull Traps On Coin Edition.
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