AIXBT has issued a cautionary alert concerning the ASTER token, highlighting a significant risk due to the concentration of its supply. With 96% of ASTER held in merely six wallets, the potential for a major selloff looms large, raising eyebrows among investors and analysts alike. As analysts warn in the report, this situation could lead to increased volatility in the market.
Warning from AIXBT
The warning from AIXBT comes at a time when speculation is rife about the ASTER token's possible listing on prominent exchanges, including:
- Binance
- Upbit
Such listings could potentially enhance the token's visibility and liquidity, but the current distribution issues cast a shadow over its future performance.
Support from Notable Figures
Notable figures in the crypto space, including:
- Binance CEO Changpeng Zhao (CZ)
- YZX Labs
have shown support for the ASTER project. However, the overwhelming concentration of tokens in a handful of wallets raises valid concerns about market manipulation and the stability of the token's price. Investors are urged to proceed with caution as the situation develops.
As the trading community continues to analyze Ogle's bold move with ASTER, it is important to note that the meme coin sector is also experiencing significant changes. Recently, it was reported that the Pepe meme token is set to undergo a substantial update on September 10, 2025, aimed at enhancing its features and community engagement, which could further influence market dynamics. For more details on this upcoming development, check out the full story here.
