Aster Faces Market Turmoil After DeFiLlama Delisting
Aster’s price plummeted 16% intraday as DeFiLlama removed its perpetual futures data due to suspicious trading patterns. This sparked a sell-off, despite rising market activity and trader caution.
Aster is now trading at $1.92, down 6% on the day. It hit an intraday low of $1.80, falling from a high of $2.09. The token is 21% down from its peak on September 24.
DeFiLlama’s decision to delist Aster’s perpetual futures data over concerns about inflated volumes led to this decline. Trading volume rose 15.5% to $1.06 billion in the last day, indicating increased activity.
Coinglass data shows open interest decreased slightly to $1.45 billion, while derivatives volume increased to $4.83 billion. This suggests traders are cautious following the delisting news.
on October 5, defillama co-founder 0xngmi noted Aster’s trading volumes mirrored binance’s data almost exactly, raising red flags about the authenticity of Aster’s reported activity. The platform couldn’t verify lower-level order data, leading to the delisting.
Aster,a decentralized perpetual DEX on BNB Chain,has not issued an official statement. Community reactions on X were mixed, with some supporting DeFiLlama’s decision for data integrity.
Technically, Aster tested the lower Bollinger Band at $1.75 and is now consolidating near $1.89. The relative strength index at 47.3 shows neutral momentum. ASTER may retest the upper band at $2.01–$2.05 if it regains $1.92 resistance.
Until market confidence improves or on-chain transparency is addressed, Aster may face persistent headwinds despite occasional relief rallies.
