Revealed: How ASTER Whales Made a Profit of $1.09 Million Amid Market Panic?

In the turbulent waves of the crypto assets market, the recent performance of the ASTER token can be described as legendary. While most investors panic and sell due to supply concentration fears, a group of savvy whales goes against the trend, transforming market fear into substantial profits. What market wisdom is hidden behind this carefully orchestrated "panic harvesting"?

####ASTERSurprising Surge: How Do Whales Operate?

(Source: Trading View)

The performance of the ASTER Token has recently attracted market attention, soaring an astonishing 2,587% since its launch. This strong momentum is not only reflected in the price but also in on-chain data, which confirms its popularity — the number of holders has surged by 7.3% in a short period, reaching 61,450 people, indicating a continuous influx of new capital.

However, what is truly remarkable is that when the market panicked due to the news that "96% of ASTER supply is concentrated in six Whale wallets," some savvy big players chose to take the opposite approach.

Crypto analysts pointed out: "This is a textbook case of 'panic harvesting'. When retail investors panic sell due to supply concentration, causing prices to drop nearly 16% from the peak of $2, the whales are quietly accumulating positions, preparing for the subsequent price rebound."

####A Perfect Counter-Trend Operation: $1.09 Million Profit in 24 Hours

(Source: Arkham)

According to Lookonchain data, a new Whale purchased 6.72 million ASTER Tokens at an average price of $2.08 during market panic. The timing of this operation was perfect—less than 24 hours later, as prices rebounded, the wallet showed an unrealized gain of $1.09 million.

It is also noteworthy that among the 11 major market trends being tracked, 4 are buy operations of ASTER, indicating that large funds are systematically taking advantage of market panic to position themselves.

Blockchain data analysts stated: "These Whales are not buying blindly, but have precisely calculated the gap between market sentiment and fundamentals. When the market panics due to supply concentration, they see an undervalued asset and act decisively."

####Three Major Driving Factors Behind ASTER's Strong Surge

The strong performance of the ASTER Token is not a coincidence, but the result of multiple factors working together:

#####1. The dual effect of supply contraction and growth of holders

The market supply of ASTER is extremely tight, with 96% of the tokens concentrated in the hands of a few large holders, resulting in a very limited number of tokens available for circulation in the market. At the same time, the number of holders continues to grow, reaching 61,450 people, and this supply-demand imbalance has become a strong driving force pushing up prices.

Crypto economist Zhang Hua analyzed: "When new investors continuously pour in and the supply of tradable tokens is limited, price increases become inevitable. The case of ASTER illustrates how supply and demand imbalances in the crypto market can quickly reflect in prices."

#####2. The Strong Driving Force of the Derivatives Market

The open interest (OI) of ASTER has surged to an astonishing $1.25 billion, with the Hyperliquid [HYPE] platform holding $617 million, accounting for nearly 50%. This high participation in the derivatives market not only provides additional liquidity but also offers sustained momentum for price increases.

Derivatives market expert Zhao Ming pointed out: "The perpetual contract market has become an important venue for price discovery of ASTER. The high amount of open contracts reflects the market's strong optimism about the future trend of ASTER, while also providing additional buying support for the spot market."

#####3. FOMO Emotion and Market Psychology

As the ASTER price continues to reach new highs, the FOMO (fear of missing out) sentiment in the market is becoming increasingly strong, further driving the increase in buying pressure. When investors see early participants achieving returns of several times or even dozens of times, the impulse to enter becomes hard to resist.

Market psychology expert Chen Wei explains: "FOMO is one of the most powerful driving forces in the crypto market. When investors see others making profits, rational analysis often gives way to emotional decision-making. The case of ASTER perfectly illustrates this point—despite the high concentration of supply, new investors continue to flock in."

####How should investors respond? Risks and opportunities coexist

Although the short-term performance of ASTER is remarkable, investors should also be clearly aware of the risks involved:

· Highly centralized supply structure

· 96% of the Tokens are concentrated in six wallets, and this extreme concentration of supply structure means that any actions by these big players could have a significant impact on the market. Once these Whales decide to take profits, the market may face a sharp correction.

Risk management experts warn: "A highly concentrated supply structure is a double-edged sword. In the short term, it may drive prices up, but in the long term, it increases market vulnerability. Investors should closely monitor the position changes of the whales and manage risks effectively."

####Key technical support level

From a technical analysis perspective, ASTER has turned the resistance level of 2 dollars into a support level. The solidity of this price level will determine whether the price can continue to rise in the short term.

Technical analysts point out: "2 dollars is the key psychological level for ASTER. As long as the price can stabilize above this level, the upward trend is expected to continue. However, if it falls below, it may trigger a wave of technical correction."

####Wise Investment Strategy

Facing a highly volatile asset like ASTER, what strategy should investors adopt? Professional investment advisor Li Ming suggests:

Building positions in batches: Avoid investing all funds at once; buying in batches can reduce the risk of price volatility.

Set Stop Loss: In a highly volatile market, a reasonable stop loss strategy is crucial to protect investors from significant pullbacks.

Follow Whale Movements: Regularly check the holdings changes of large investors, as this information can serve as an early warning signal for market trends.

Stay rational: Do not be swayed by short-term price fluctuations and market sentiment; make decisions based on your own risk tolerance and investment goals.

####Conclusion: Opportunities in Market Panic

The case of ASTER demonstrates an eternal market truth: panic often breeds opportunity. While most investors panic and dump their assets due to negative news, savvy investors are able to remain calm and even go against the trend.

As investment master Buffett said: "I am fearful when others are greedy, and I am greedy when others are fearful." The operations of ASTER whales are a vivid embodiment of this investment philosophy.

However, for ordinary investors, the key lies in understanding the essence behind market fluctuations rather than blindly following the trend. In the high-risk, high-reward market of crypto assets, rational analysis and risk management are always the cornerstone of success.