The cryptocurrency market is reacting sharply to DeFiLlama's recent decision to delist the Aster token, triggering a notable decline in its value. According to the authors of the publication, it is concerning that this move has raised concerns about the token's future and transparency in the market.
Galaxy Digital Transfers $12 Million in Aster Tokens
In a significant development, Galaxy Digital has reportedly transferred $12 million worth of Aster tokens to Binance, a decision that underscores the growing unease surrounding the token's data transparency. This transfer comes amid a broader market reaction to DeFiLlama's delisting, which has contributed to a staggering 156% drop in Aster's price over the past 24 hours.
Aster's Market Capitalization Plummets
As a result of this decline, Aster's market capitalization has plummeted to approximately $285 billion. Investors are closely monitoring the situation as the implications of these events could have lasting effects on Aster's standing in the competitive DeFi landscape.
In light of the recent turmoil surrounding Aster, analysts are now highlighting the critical situation for Toncoin, which must reclaim the $3 mark to avoid a potential selloff. For more details, see Toncoin analysis.
