After 600% Rally, ASTER Faces Crucial Test at Oct. 1 Unlock

• ASTER soared 600% in a week, nearing a $1B market cap after its explosive launch and airdrop.
• Withdrawals remain locked until October 1, raising fears of heavy selling pressure once unlocked.
• Short-term indicators show consolidation, with $0.74 as resistance and $0.60 as key support.

ASTER, the native token of Aster DEX, delivered a 600% surge in its first week, pushing market cap near $1 billion. The token rallied 50% in 24 hours, hitting an all-time high of $0.7847 before sliding back to $0.59 at press time, per CoinMarketCap.

The launch followed ASTER’s token generation and airdrop. Unlike most airdrops that trigger fast sell-offs, ASTER held gains and clocked $310 million in day-one volume. From a $0.0089 listing price, it spiked above $0.50 before stabilizing near $0.45.

Related: Hyperliquid Faces a New Challenger – YZi-Backed Aster (ASTER) Rallies 400%…

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