The Aster perpetual exchange, that peculiar creature birthed by YZi Labs (once upon a time known as Binance Labs), coughed up its native token on Wednesday-like a cat presenting a half-dead mouse-and watched as it soared 300% in mere hours. Ah, the fickle whims of crypto traders!
Launched in July on Binance’s BNB Chain, Aster allows traders to gamble-sorry, speculate-on cryptocurrency prices with leverage. Pancakeswap, that syrup-drenched DEX, also threw some money at Aster, because why not? Everyone loves a good bandwagon.
Before the token launch, Aster ran its “Genesis Program,” which sounds biblical but was really just an excuse to fling 704 million ASTER tokens at contributors like confetti at a very dull parade.
$ASTER is now live! 🌟
You can now claim your $ASTER tokens-assuming you enjoy receiving digital assets directly into your Aster Spot trading account, like a pigeon pecking at breadcrumbs.
Claim portal: $ASTER spot trading will be live at 12PM UTC today. Beware of scams, unless you enjoy losing money.…
Timing, as they say, is everything-unless you’re Hyperliquid, whose token HYPE hit an all-time high the same day. Coincidence? Or cosmic mockery?
At press time, ASTER was trading at $0.3981-a number as arbitrary as any in crypto-with a market cap of $659.25 million and a 24-hour trading volume of $330 million. Numbers so big, they almost feel real.
CZ Plays Chess (Or Just Throws Pieces)
Changpeng Zhao, Binance’s co-founder, celebrated Aster’s launch with all the enthusiasm of a man forced to clap at a school recital. “Well done! Good start. Keep building!” he posted on X, sparking whispers that this was merely a chess move against Hyperliquid-because nothing says “healthy competition” like passive-aggressive funding.
Well done! 👏 Good start. Keep building!
“He’s obviously pissed about Hyperliquid and plays to win,” remarked Tulip King, an X user with a flair for stating the obvious. He also noted CZ recently changed his bio from “ex-Binance” back to “Binance,” because rebranding is cheaper than therapy.
Hyperliquid, meanwhile, has been quietly generating billions in trading volume, terrifying centralized exchanges with its decentralized, no-KYC approach. The audacity!
The Perpetual DEX Hunger Games
Hyperliquid, that reigning champion of perpetual DEXs, now faces challengers like Aster-backed by the so-called “Binance Cartel”-and Lighter, which briefly held the spotlight after its points trading went viral. Ah, crypto: where today’s hero is tomorrow’s forgotten meme.
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2025-09-18 11:02