{"id":534220,"date":"2025-10-06T15:30:08","date_gmt":"2025-10-06T10:00:08","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=534220"},"modified":"2025-10-06T14:49:19","modified_gmt":"2025-10-06T09:19:19","slug":"aster-volumes-delisted-after-mirroring-binance-claim-details-inside","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/aster-volumes-delisted-after-mirroring-binance-claim-details-inside\/","title":{"rendered":"Aster volumes delisted after \u2018mirroring Binance\u2019 claim: Details inside"},"content":{"rendered":"<h2><strong>Key Takeaways\u00a0<\/strong><\/h2>\n<h3><em>Why is Aster accused of wash trading?<\/em><\/h3>\n<p>DeFiLlama\u2019s founder alleged its trading data is unverifiable, as Aster\u2019s dark pools obscure who makes or fills orders.<\/p>\n<h3><em>Are whales unbothered by the FUD?<\/em><\/h3>\n<p>Yes. On-chain data showed large buyers accumulating ASTER, while overall selling pressure has steadily eased since September.<\/p>\n<hr \/>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/altcoins-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Aster [ASTER]<\/span><\/a><span style=\"font-weight: 400;\"> DEX (decentralized exchange) has faced accusations of market manipulation and exaggeration of trading volumes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an X post, Oxngmi, pseudonymous founder of data aggregator DeFiLlama, flagged the DEX\u2019s volumes as mirroring <a href=\"https:\/\/ambcrypto.com\/category\/binance-news\/\">Binance [BNB]<\/a> perpetuals volume.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He <\/span><a href=\"https:\/\/x.com\/0xngmi\/status\/1974801402456051868\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">added<\/span><\/a><span style=\"font-weight: 400;\"> that <a href=\"https:\/\/ambcrypto.com\/category\/xrp-ripple-news\/\" target=\"_blank\" rel=\"noopener\">Ripple [XRP]<\/a>, <a href=\"https:\/\/ambcrypto.com\/category\/ethereum-news\/\" target=\"_blank\" rel=\"noopener\">Ethereum [ETH]<\/a>, and other perp volumes on Aster DEX had a close correlation with Binance but suspiciously diverged from <a href=\"https:\/\/ambcrypto.com\/category\/altcoins-news\/\" target=\"_blank\" rel=\"noopener\">Hyperliquid [HYPE]<\/a> for similar pairs.\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cAster doesn&#8217;t make it possible to get lower-level data such as who is making and filling orders, so until we can get that data to verify if there&#8217;s washtrading, Aster perp volumes will be delisted.\u201d<\/span><\/p><\/blockquote>\n<figure id=\"attachment_534221\" aria-describedby=\"caption-attachment-534221\" style=\"width: 587px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-06-085304.png\"><img decoding=\"async\" class=\"size-full wp-image-534221\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-06-085304.png\" alt=\"Aster\" width=\"587\" height=\"726\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-06-085304.png 587w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-06-085304-243x300.png 243w\" sizes=\"(max-width: 587px) 100vw, 587px\" \/><\/a><figcaption id=\"caption-attachment-534221\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Since Aster uses dark pools, its perp DEX matches orders offline, making it difficult to verify the data, unlike Hyperliquid.\u00a0<\/span><\/p>\n<h2><strong>Market reactions post-DeFiLlama delisting<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The delisting quickly triggered a sell-off for the Aster token. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It slumped about 10% on the 5th of October trading session, dropping from $2.1 to $1.7 before stabilizing above $1.8 as of press time.\u00a0<\/span><\/p>\n<figure id=\"attachment_534222\" aria-describedby=\"caption-attachment-534222\" style=\"width: 1950px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/ASTERUSDT.P_2025-10-06_07-55-04.png\"><img decoding=\"async\" class=\"size-full wp-image-534222\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/ASTERUSDT.P_2025-10-06_07-55-04.png\" alt=\"Aster \" width=\"1950\" height=\"1146\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/ASTERUSDT.P_2025-10-06_07-55-04.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/ASTERUSDT.P_2025-10-06_07-55-04-300x176.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/ASTERUSDT.P_2025-10-06_07-55-04-1024x602.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/ASTERUSDT.P_2025-10-06_07-55-04-768x451.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/ASTERUSDT.P_2025-10-06_07-55-04-1536x903.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/ASTERUSDT.P_2025-10-06_07-55-04-1200x705.png 1200w\" sizes=\"(max-width: 1950px) 100vw, 1950px\" \/><\/a><figcaption id=\"caption-attachment-534222\" class=\"wp-caption-text\">Source: Aster\/USDT, TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The last dump in late September slowed at $1.5-$1.65 price zone and could act as a rebound if it&#8217;s defended.\u00a0<\/span><span style=\"font-weight: 400;\">In fact, some high-ticket traders <\/span><a href=\"https:\/\/x.com\/lookonchain\/status\/1974989495956357347\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">jumped<\/span><\/a><span style=\"font-weight: 400;\"> on the discounted window and grabbed the dip. <\/span><\/p>\n<h2><strong>Whales buy the dip amid exchange outflows<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">According to Lookonchain, a large player scooped 1.69 million Aster tokens (worth over $3.1 million) during the Sunday decline.\u00a0<\/span><\/p>\n<figure id=\"attachment_534223\" aria-describedby=\"caption-attachment-534223\" style=\"width: 1660px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Aster-Lookonchain.jpg\"><img decoding=\"async\" class=\"size-full wp-image-534223\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Aster-Lookonchain.jpg\" alt=\"Aster\" width=\"1660\" height=\"924\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Aster-Lookonchain.jpg 1660w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Aster-Lookonchain-300x167.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Aster-Lookonchain-1024x570.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Aster-Lookonchain-768x427.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Aster-Lookonchain-1536x855.jpg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Aster-Lookonchain-1200x668.jpg 1200w\" sizes=\"(max-width: 1660px) 100vw, 1660px\" \/><\/a><figcaption id=\"caption-attachment-534223\" class=\"wp-caption-text\">Source: Arkham<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">A closer look at the overall on-chain exchange flow showed mixed results, though. Since the DEX debuted last month, Exchange Netflow <a href=\"https:\/\/intel.arkm.com\/explorer\/token\/aster-2\" target=\"_blank\" rel=\"noopener\">surged<\/a> to 77 million Aster tokens. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This suggested increased profit-taking (green bars) as more tokens were sent to on-chain exchanges to be offloaded.\u00a0<\/span><\/p>\n<figure id=\"attachment_534224\" aria-describedby=\"caption-attachment-534224\" style=\"width: 938px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-06-084744.png\"><img decoding=\"async\" class=\"size-full wp-image-534224\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-06-084744.png\" alt=\"Aster\" width=\"938\" height=\"378\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-06-084744.png 938w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-06-084744-300x121.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-06-084744-768x309.png 768w\" sizes=\"(max-width: 938px) 100vw, 938px\" \/><\/a><figcaption id=\"caption-attachment-534224\" class=\"wp-caption-text\"><span style=\"font-weight: 400;\">Source: Arkham (Aster on-chain exchange flow)<\/span><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, the inflow has tapered (flat line), which could be read as the selling pressure has subsided. This could allow for a potential rebound at $1.8 or the support zone above $1.5, especially if more whales jump on the altcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That said, the Aster team had not addressed the accusations by the time of going to press. <\/span><\/p>\n<h2><strong>Volume dominance raises further scrutiny<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">In September, the DEX hit a <\/span><a href=\"https:\/\/www.theblock.co\/data\/decentralized-finance\/derivatives\/perpetual-protocol-trade-volume\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">trading volume<\/span><\/a><span style=\"font-weight: 400;\"> of $420 billion, nearly double Hyperliquid\u2019s $282 billion over the same period. At the same time, this was about half of the overall $1 trillion perp DEX volume.\u00a0\u00a0<\/span><\/p>\n<figure id=\"attachment_534225\" aria-describedby=\"caption-attachment-534225\" style=\"width: 2401px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/perpetual-protocol-trade-volume-1.png\"><img decoding=\"async\" class=\"size-full wp-image-534225\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/perpetual-protocol-trade-volume-1.png\" alt=\"Aster\" width=\"2401\" height=\"1400\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/perpetual-protocol-trade-volume-1.png 2401w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/perpetual-protocol-trade-volume-1-300x175.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/perpetual-protocol-trade-volume-1-1024x597.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/perpetual-protocol-trade-volume-1-768x448.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/perpetual-protocol-trade-volume-1-1536x896.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/perpetual-protocol-trade-volume-1-2048x1194.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/perpetual-protocol-trade-volume-1-1200x700.png 1200w\" sizes=\"(max-width: 2401px) 100vw, 2401px\" \/><\/a><figcaption id=\"caption-attachment-534225\" class=\"wp-caption-text\">Source: The Block<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Only a week into October, Aster has already hit $441 billion in DEX volume, out of the total $546 billion (over 90% dominance).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In terms of revenue, the DEX now ranks <\/span><a href=\"https:\/\/defillama.com\/fees\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">second<\/span><\/a><span style=\"font-weight: 400;\"> only to <a href=\"https:\/\/ambcrypto.com\/tether-mints-1-billion-usdt-on-ethereum-details-behind-this-move\/\" target=\"_blank\" rel=\"noopener\">Tether [USDT]<\/a>, raking in over $210 million in fees in the past 30 days.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billions in Aster trades looked eerily familiar&#8230;.and DeFiLlama wasn\u2019t buying it.<\/p>\n","protected":false},"author":79,"featured_media":534227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,6378,32,66,3,55,4,20],"tags":[6427],"class_list":["post-534220","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-binance-news","category-ethereum-news","category-new-news","category-news","category-xrp-ripple-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Aster volumes delisted after \u2018mirroring Binance\u2019 claim: Details inside - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Aster closed Sunday in the red after DeFiLlama delisted it on wash trading claims. 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