Binance Lets Aster Bloom: 7,000% Rally Sparks Buzz

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Binance has finally invited Aster (ASTER) to its Spot Market, which sounds grand enough to be a press launch but usually ends up as a morning coffee and a lot of numbers. Trading for ASTER/USDT, ASTER/USDC, and ASTER/TRY will begin on October 6, 2025 at 12:00 UTC. Deposits opened earlier at 09:00 UTC, and withdrawals will be available from October 7 at 12:00 UTC. The listing fee is 0 BNB, a little generosity from the crypto gods-less friction, more chance that someone with a fancy wallet will press the buy button while still wearing yesterday’s hoodie. 😂💸

The ASTER smart contract operates on BNB Smart Chain (0x00..556A). Binance also confirmed that users can now trade ASTER on its Alpha Market, but the token will transition to Spot once official trading begins. Consequently, Aster will be delisted from Alpha, and its trading volume will no longer count toward Alpha Points. Users will be able to transfer their balances from Alpha Accounts to Spot Accounts within 24 hours of listing. A charming little migration, like moving from a shady B&B to a proper hotel, except the luggage is all digital and the elevator is a blockchain. 🧭

Market momentum meets scrutiny

On October 5, reports surfaced questioning the legitimacy of Aster’s explosive growth. The YZi Labs-backed Perp DEX platform gained attention with a 7,000% surge in its native token, ASTER, and somehow managed to outshine competitors like Hyperliquid, shooting to the top of TVL and trading volume lists as if by a well-timed miracle or a very hopeful data set. 🚀

However, this meteoric ascent drew skepticism from DefiLlama, a leading DeFi analytics outfit. According to its founder 0xngmi, Aster’s perpetual trading volumes started mirroring Binance’s almost exactly. “Aster doesn’t make it possible to get lower level data such as who is making and filling orders,” he explained, which is crypto-speak for “we don’t trust the spreadsheets that claim all this is happening.” The decision to delist Aster’s perpetual data came amid concerns about wash trading. 🤨

We’ve been investigating aster volumes and recently their volumes have started mirroring binance perp volumes almost exactly

Chart on the left is XRPUSDT on aster, you can see the volume ratio vs binance is ~1

Chart on the right is XRP perp volume on hyperliquid, where there’s…

– 0xngmi is hiring (@0xngmi) October 5, 2025

Crypto analyst Simon Dedic weighed in with a wry compliment to 0xngmi, suggesting that perhaps the house of cards is starting to wobble. “Shoutout to 0xngmi, founder of DeFiLlama, for making the tough call… Slowly but surely, their house of cards is starting to collapse.” Cleanse those dashboards, folks. Despite the controversy, ASTER’s price held its ground. CoinMarketCap quoted ASTER at $2.01, up 0.55% in the last 24 hours, with a trading volume north of $1.57 billion. 🧰📈

ASTER’s Binance listing is a sign of life in a market that enjoys drama as much as liquidity, but the price swings and volume questions suggest a cautious stroll rather than a sprint. Early gains look tempting; smart decisions, like a good passport photo, are still worth more than a flashy smile. 😅

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2025-10-06 15:11