Aster Faces Market Turmoil After DeFiLlama Delisting
Aster’s price plummeted 16% intraday after DeFiLlama removed Aster’s perpetual futures data due to suspicious trading patterns. This led to a 16% intraday drop in Aster’s price, reflecting market caution.
DeFiLlama’s co-founder, 0xngmi, noted that aster’s trading volumes were mirroring Binance’s data too closely, raising concerns about wash trading. Without verifying lower-level order data, DeFiLlama delisted Aster’s perpetual futures. However, spot and total value locked data remain listed.
Despite the delisting, trading volume rose 15.5% to $1.06 billion. Open interest decreased slightly to $1.45 billion, while derivatives volume increased to $4.83 billion. this suggests traders are cautious, not expanding new positions. The platform operates on BNB Chain, backed by YZi Labs. The delisting followed a surge in reported trading volume, hitting $60 billion in late September. Community reactions were mixed,with some supporting DeFiLlama’s decision for data integrity.
Technically, Aster tested the lower Bollinger Band at $1.75 and is consolidating near $1.89. The relative strength index at 47.3 shows neutral momentum. If Aster regains $1.92 resistance, it may retest the upper band at $2.01–$2.05. However, breaking $1.75 could lead to a move toward $1.65. Untill openness improves, Aster may face headwinds despite occasional rallies.
- DeFiLlama delisted Aster’s perpetual futures due to suspicious trading patterns.
- Trading volume rose 15.5% to $1.06 billion, indicating increased activity.
- Open interest decreased slightly to $1.45 billion, showing trader caution.
- Aster’s price tested the lower Bollinger Band at $1.75 and is consolidating near $1.89.
