ASTER has introduced that the roadmap for its second airdrop part is about to start on October 10. This comes as open curiosity skyrocketed to $5 billion in below two weeks.
ASTER Airdrop Phase 2 Begins October 10
In a current X post, the staff confirmed that the Genesis Stage 2 airdrop will conclude on October 5, with reward claims opening on October 10 and token distribution ranging from October 14. These rewards will carry no lock-up interval, permitting members to use their tokens instantly.
Stage 3, recognized as Aster Dawn, will proceed unhindered for 5 weeks, ending on November 9. A extra complicated reward system is launched in this part. It contains spot buying and selling incentives, multi-dimensional scoring, and symbol-specific multipliers.
Team boosts may even evolve, carrying over progress as a substitute of resetting weekly. This would create extra substantial incentives for long-term collaboration.
This new transfer comes after the bullish momentum surrounding the token. ASTER was spotted moving into Binance wallets. This has led to hypothesis about an imminent itemizing. On-chain information confirmed a small take a look at switch of simply 20 tokens. This was adopted by a considerably bigger transaction of $4.8 million.
Former Binance CEO CZ’s endorsement of the coin has additional heightened expectations as merchants look forward to affirmation. A Binance itemizing may open the challenge to hundreds of thousands of retail and institutional traders.
Open Interest Skyrockets to $5 Billion
The token’s efficiency in derivatives markets has been nothing in need of explosive. Data shared by analyst Fefe Demeny confirmed the challenge’s open curiosity racing from close to zero to $5 billion in simply two weeks. This is equal to a 3rd of HyperliquidX’s whole OI.
(*2*)Despite Hyperliquid’s totally diluted valuation of $50 billion in contrast to ASTER’s $13 billion, the speedy progress underscores the market’s willingness to deploy capital on the platform. CoinGape reported that the DEX outpaced Hyperliquid for the primary time in phrases of open curiosity. This was after a soar from $3.72 million to $1.25 billion in open curiosity.
The coin has additionally gained consideration from high-profile figures. YouTube star MrBeast reportedly purchased greater than 167,000 tokens value $320,000 in current days. This introduced his whole funding to $1.28 million.
The token has been on a unstable journey. The coin rose from $1.50 to a current excessive of above $2.14 earlier than slipping under a key help stage at $1.74. Crypto analyst Ardi shapink that dropping this stage may drag costs decrease, whereas reclaiming it could reignite bullish momentum with targets above $2.30.
$ASTER MARKET UPDATE 📢
After a robust +50% run from $1.50 → $2.27, Aster has cooled off and slipped under the essential bull pattern invalidation line at ~$1.96, which additionally measures up with the 38.2% Fibonacci help.
Breaking that stage shifts momentum towards the 61.8% Fib… https://t.co/0tteXRoMAJ pic.twitter.com/y9GdAiOi5E
— Ardi (@AltcoinArdi) (*10*)
As at press time, the token is buying and selling across the $1.8 mark, down 10% in the previous day.
