ASTER Rallies 1700%, Experts Suggest Buying Price Dips

The BNB-based decentralized exchange (DEX) Aster has seen significant activity, with its native cryptocurrency ASTER surging by 1700% recently.

ASTER entered the top 50 digital assets by market cap following this increase.
Currently trading at $1.57, down 6%, with a market cap of $2.6 billion.
After dropping to $1.30, the price rebounded over 20% from the intraday low.
Crypto analyst Altcoin Sherpa partially sold his holdings at $1.80 and suggests buying in the $1.13-$1.25 range as a potential support zone.
Sherpa plans to use a trailing stop for future sales but does not aim for extreme highs like $10.

Aster DEX Overview

Launched in March 2025, backed by YZi Labs and Binance founder Changpeng Zhao.
Operates across Ethereum, Solana, and Arbitrum alongside BNB Chain.
Uses ASTER for governance, fee discounts, staking rewards, and deflationary buybacks.
Ongoing airdrop until October 17, distributing 704 million tokens (8.8% of supply).
Trading fees reached $8.82 million this quarter compared to $1.8 million last year, with revenue jumping from $11,660 in Q3 2024 to $5.4 million.