Aster slid 16% intraday after DeFiLlama delisted its perpetual futures data over suspicious trading patterns, sparking a sell-off amid rising market activity and trader caution.
Summary
- Aster price dropped more than 10% to $1.92 after DeFiLlama delisted its perpetual data.
- Derivatives volume rose 1.85% to $4.83B, while open interest held at $1.45B.
- RSI near 47 shows neutral momentum; key support sits at $1.75.
Aster is trading at $1.92, down 6% on the day. The token dropped to an intraday low of $1.80 from a high of $2.09 before marginally rising. Aster is now 21% down from its peak of $2.09 on Sept. 24.
The latest decline follows DeFiLlama’s decision to delist Aster’s (ASTER) perpetual futures data due to concerns about inflated volumes. Trading volume over the last day was $1.06 billion, up 15.5% from the day before, indicating increased activity despite the sell-off.
Coinglass data shows that open interest decreased 0.02% to $1.45 billion, while Aster’s derivatives volume increased 1.85% to $4.83 billion. This suggests that despite higher trading activity, traders are not expanding new positions, a sign of caution following the delisting news.
DeFiLlama delists Aster perps over wash trading fears
On Oct. 5, DeFiLlama co-founder 0xngmi posted on X that Aster’s trading volumes had begun mirroring Binance’s data almost exactly, particularly on pairs such as XRP/USDT and ETH/USDT. Such a 1:1 correlation is statistically unlikely in decentralized finance markets and raised red flags about the authenticity of Aster’s reported activity.
The platform said it could not verify lower-level order data, such as market maker or filler addresses, which limited its ability to confirm whether trades were organic or artificially inflated. As a result, Aster’s perpetual data was removed from the DeFiLlama dashboard, although its spot and total value locked data remain listed.
Aster, which operates as a decentralized perpetual DEX built on BNB Chain and backed by YZi Labs, has not issued an official statement. The delisting follows a surge in reported trading volume. Aster’s daily perp volumes reportedly hit $60 billion in late September, briefly outpacing Hyperliquid (HYPE).
Community reactions on X were mixed. Some users supported DeFiLlama’s decision as a defense of data integrity, while others accused it of bias. 0xngmi denied any conflicts of interest, stating that neither he nor the platform had financial exposure to Aster or rival Hyperliquid.
Aster price technical analysis
Aster tested the lower Bollinger Band at $1.75 and is now consolidating close to $1.89, according to the one-hour chart. After a steep decline, the price is now near the middle band ($1.88), indicating temporary stabilization.
The market is neither oversold nor overbought, as per the relative strength index at 47.3, which shows neutral momentum. ASTER may retest the upper band at $2.01–$2.05. This is assuming it regains the $1.92 resistance. On the downside, if $1.75 is broken, the market may move toward $1.65, a crucial late-September support level.
The price structure indicates a modest attempt at recovery, but volume spikes indicate that volatility is still high. Until market confidence improves or on-chain transparency is addressed, Aster may face persistent headwinds despite occasional relief rallies.
