TLDR:
- Six wallets control 88–96% of ASTER supply, enabling coordinated whale dumps.
- ASTER fell from $2.42 to $0.54 as large holders sold aggressively.
- Post-dump consolidation shows weak bounces, indicating continued bearish dominance.
- Price must reclaim $0.56–$0.58 to prevent further decline toward $0.472–$0.451.
The ASTER price crash has shaken the crypto market, dropping from $2.42 to $0.54. Six wallets control nearly 90% of the supply, executing coordinated whale dumps.
Sharp breakdowns triggered stop-losses, while post-dump consolidation shows weak recovery. Technical indicators, including RSI and MACD, confirm continued bearish dominance.
Price must reclaim $0.56–$0.58 for any potential bullish trend shift.
Market Manipulation and Supply Concentration
ASTER declined almost 78% from $2.42 to $0.54 within four months. Six wallets now control 88–96% of the total supply.
Tweets from @StarPlatinum_ show that these wallets executed coordinated dumps across Binance, Bybit, and Gate. The market reacted sharply.
On October 18, 17.85 million ASTER ($22.88M) were sold, followed by 7.5 million ASTER (~$12M) dumped on October 9. Additional large withdrawals included 4.66 million ASTER and 5.01 million ASTER from Binance.
The token $ASTER collapsed ????
From $2.42 on Sep 24 to $0.54 on Jan 31 (~78% down)
And all the signs point to manipulation:
Timeline of the crash:
– Sep 25–29 – $1.62 → $1.86 (+15%) after launch hype, $20B daily volume
– Sep 30–Oct 5 – $1.86 → $2.41 (ATH) → $1.73 as whales… pic.twitter.com/nI8teogSbC
— StarPlatinum (@StarPlatinum_) January 31, 2026
One wallet moved $114.5 million from Gate. Intraday ASTERUSDT charts show lower highs and lower lows, indicating a clear intraday downtrend.
Sharp breaks below $0.57 triggered stop-losses. Weak bounces stalled around $0.537, now acting as minor resistance.
This suggests early positioning rather than retail panic. Volume Delta (Hyblock) analysis confirms selling pressure with -11.7 million ASTER.
Large traders slightly reduced sell aggression, signaling absorption. The 100k–1M filter indicates big players dumped aggressively during breakdowns.
Post-dump, pressure flattened, showing that the heaviest selling already occurred. Overall, price action reflects controlled markdowns, not random dips. Retail traders were impacted, while smart money dictated the market direction.
Technical Structure and Bearish Trend
ASTER’s 4-hour chart confirms a broader bearish trend. Price remains below the 200 EMA, facing repeated resistance at $0.67–$0.70.
The Bears Supply Zone absorbed liquidity, triggering aggressive sell-offs. Attempts to rally failed above mid-range moving averages, producing lower highs.
$ASTER touched the last support had at 0.5528, with a dip at 0.5075, we can see mid and big size whales that made some purchase pushing the price higher, probably covering their shorts. Now it’s near our target area of 0.472-0.4510, just a 10% far. pic.twitter.com/jVnOBCsGpe
— Enri.hl (@0xWhale) January 31, 2026
The Bulls Demand Zone at $0.56–$0.58 offered brief support but quickly collapsed. Buyers remain weak, showing limited influence in the market.
RSI is near 24, oversold but consistent with strong downtrends. MACD shows a bearish crossover with an expanding red histogram.
Sell volume rose sharply during breakdowns, confirming genuine downward momentum. Relief bounces remain weak, showing post-dump consolidation.
Price must reclaim $0.56–$0.58 to shift the trend. Otherwise, further declines toward $0.472–$0.451 are likely. Consolidation indicates early absorption by smart money.
Post-dump structure suggests bears remain dominant. Any relief rallies should be approached cautiously, as structural weakness persists across multiple timeframes.
