What to Know
Aster surged nearly 14% amid token buybacks and rewards from the new Rocket Launch campaign.
Positive sentiment from the BNB ecosystem and CZ’s influence is boosting credibility.
Whale accumulation is strong, but retail participation remains limited.
In the last 24 hours, Aster (ASTER) jumped about 13.96%, reaching about $1.13. This is a big jump compared to the rest of the crypto market, which only gained about 1.67%. The rise in Aster price started its new “Rocket Launch” campaign, the BNB ecosystem became more positive, and big whales bought a lot of coins even though retail activity was low.
Rocket Launch Campaign Ignites Interest
Yesterday, Aster launched its “Rocket Launch” program, an initiative aimed at attracting new projects and boosting ASTER token price and demand. Under the scheme, partner projects contribute funding that’s used to buy back ASTER tokens, and holders/traders of ASTER become eligible for rewards. The first round of the campaign offers around $200K in total rewards.
Because token buy-backs reduce the circulating supply, the logic is that ASTER’s price can rise if demand holds up. Also, by requiring holders/traders to own or use ASTER to participate, it creates additional chance that tokens will stay in user wallets rather than being swapped out immediately. All of this helps explain why the price jumped.
BNB ecosystem boost via CZ’s pardon
The recent presidential pardon of CZ, founder of Binance, has stirred positive sentiment for projects linked to BNB’s network. CZ has reportedly shown support for Aster’s hybrid DEX model and may even advise the project.
When a major industry figure from a high-profile exchange network signals support, it often helps credibility and that can spark renewed buying interest. For Aster, the link to BNB’s world may be playing a direct role in the rally.
Whale Accumulation
Despite the big upside, retail traders haven’t flooded in just yet. Aster’s trading volume among smaller traders dropped by about 5%, but behind the scenes, large investors were busy buying. Reports show approximately $11.9 M worth of ASTER was snapped up in the past 24 hours.
This divergence is interesting: big money is stepping in, while smaller traders are sitting back. It’s one sign that while momentum is strong, the general market still has some caution about this token. Technical indicators show the RSI is about 48.08, aka the neutral territory and the MACD is showing potential warning signs for a bearish crossover. One key resistance level to watch is around $1.25, which corresponds roughly to the 78.6% Fibonacci retracement from earlier price swings. At the time of writing, the ASTER token price sits at around $1.11.
What to Watch Next
The recent high around $1.12 is now a support level. If ASTER holds above that, the move can be seen as more stable. A sustained push above $1.25 would signal that the momentum is strong enough to take the next leg up.
Community members are also keeping an eye out for how many partner projects join “Rocket Launch.” And how much ASTER is being repurchased? These numbers will signal real traction. If more projects tied to Binance or the broader BNB chain roll into Aster, it could reinforce the token’s case. Seeing more everyday traders get involved would suggest the move is broadening and not just driven by a few large holders.
Final Thoughts
Aster’s recent gain is a big deal. It shows more than just market momentum; it shows that the project is starting to find its place in a competitive environment. The Aster price has changed from being unsure to being cautiously optimistic because of its “Rocket Launch” rewards campaign and renewed interest from bigger investors.
Also Read: Polymarket: 16% Chance Sam Bankman-Fried Is Released in 2024 After Trump Pardons Binance’s CZ
