Past 24 hours, Aster lost crucial support and slipped 17% leaving holders in a very tough spot. Just a week ago, Aster made an ATH of $2.43, making everybody euphoric, sucking liquidity from other competitors like HYPE and Light. Right now it is sitting -34% below its ATH, leaving the question Is there a new crypto to buy?
Some people speculate that Aster got attention only because it is backed up by none other than the richest crypto man, CZ. Others believe that Aster is just the better tech, but let’s see how Aster is behaving and what we can expect from the overall crypto market right now.
What Happened to ASTER? From CZ-Fueled Hype to -36% Harsh Reality
When Aster crypto launched, it carried a reputation unlike most projects. Backed and promoted by Binance founder Changpeng Zhao (CZ), the token’s association alone fueled speculation that it could become a top-tier perpetual DEX competitor. Early September 2025 was a frenzy: ASTER pumped nearly 20x from launch, hitting an all-time high above $2.4, with volumes surging into the billions. Traders were chasing wild upside targets, and the crypto market was exploding with FOMO, with some even calling ASTER the “Binance-backed rocket.”
(Source – defillama)
But reality came crashing in fast. It all started with a technical glitch on the linked Plasma DE, which caused unintended liquidations, wiping out positions and sparking FUD. Aster compensated users in USDT, but damage was done. Social networks were full of people complaining about getting liquidated to some other minor glitches. Meanwhile, sell pressure mounted as airdrop farmers cashed out.
Let’s be honest, I have NEVER seen so many bugs on a dApp as with @Aster_DEX
Everything glitches, issues everywhere, stop losses closing for no reason, money disappearing
The madness of having so much money and still not being able to launch a functional product is crazy.
— Alex. (@obymuralex) September 24, 2025
All this sent Aster at prices that nobody was expecting to see so soon. But the past 24 hours added extra pressure to Aster, dipping more than 18%. A famous crypto influencer said that he didn’t expect that and hopes for some consolidation, not long enough to start throwing out spot holders.
Didn’t expect this to happen so soon
Doubt it reaches 1.30 this dip
Doubt it bails out top longs either
Some sort of chopsolidation that liqs shorts and longs and lasts long enough for people in spot aster to capitulate
Just chill imo, it’ll go higher eventually https://t.co/5QhwYP899o pic.twitter.com/Q2zbMojzbv
— gainzy (@gainzy222) September 30, 2025
On top of that, on October 5, 2025, a new unlock will happen, adding 320M tokens or 4% of the max supply. That will add extra pressure to the charts, and the circulating supply will jump overall by 25%. But to this point, that doesn’t stop people from adding spot Aster or even continuing to sell other competitors’ tokens like HYPE for Aster. Overall, DEX perpetual trading is a relatively new sector in crypto, and as such, it has its rocks that need to be polished before it starts working smoothly. Some of the top wallets added 3M Aster during the past dip.
(Source – bscscan)
DISCOVER: 10+ Next Crypto to 100X In 2025
Is Aster Ready to Fly After 36% Drop From ATH?
As of the time of writing, Aster dipped an extra 8.5%. In a 15-minute time frame, we can see that since the price dipped under 2$, it is making continuous lower highs and lower lows, unable to gain traction.
(Source – TradingView)
Unfortunately, bad things don’t stop here. In 4 4-hour time frame, Aster managed to create a big ascending triangle pattern leading to a breakdown and losing the support at $1.8 level. That sent the price more than 17% down. Most of this price action is happening because the overall crypto market has been chopping this past week, and everybody is wondering which way it is going to go. That results in preserving capital and de-risking from highly volatile altcoins.
But not everything is bad. Right now, Aster is trying to catch the next big area of interest and build new support there. $1.5 level is the area where the price consolidated right before getting sent into the ATH. On top of that, RSI and MACD indicators look like they are bottoming out, leaving an area of conflux, supporting that this could be the bottom.
(Source – TradingView)
What we want to see right now:
- Consolidation in this channel between $1.5-$1.8
- Volume expansion followed bya breakout of $1.8
- Clear direction of the overall crypto trend..
If that doesn’t happen, we can expect the price to break down that support and again experience another drawdown.
(Source – TradingView)
DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025
Is PEPENODE the New Crypto to Buy Amid ASTER’s Collapse?
As ASTER falters, attention is shifting to new crypto to buy opportunities where the upside hasn’t already been diluted by unlocks and selling pressure. One name making titles is PEPENODE, a presale project that’s attracting whale inflows and early-community hype.
Unlike ASTER, which is weighed down by monthly unlocks, PEPENODE’s tokenomics is structured to reward early buyers through amazing 849% APY staking rewards, making it more attractive for accumulation.
Whales are increasingly hunting smaller, high-upside plays with clear narratives, and PEPENODE’s presale model fits that trend. With narrative tied to the growing crypto market rotation into presales, it’s positioning itself as a project that could capture attention in Uptober. The big question traders are asking: while ASTER battles dilution, could PEPENODE be the crypto to explode next? With more than $1.5M raised and an attractive price of $0.0010831 per token, PEPENODE looks like the next crypto to buy.
More about the project, you can check their X and Telegram channels.
Visit PEPENODE HereDISCOVER: 16+ New and Upcoming Binance Listings in 2025
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