Lookonchain warns of notable whale withdrawal in ASTER market. Wallet address 0x7771 sold 3 million ASTER tokens just 6 hours ago. Whale has accumulated positions over the past two weeks at an average price of $0.78. The withdrawal resulted in a gain of $2.33 million, but the realized loss was fixed at $667,000, representing a 22% drawdown. The timing suggests a decline in confidence rather than routine profit-taking.
Accumulation turns into rapid distribution
Whale aggressively built a position across multiple trades. The accumulation occurred during a period of relative price stability. Instead of riding out the volatility, the whale quickly reversed course. The wallet distributed the tokens in four separate batches. Such structured selling points indicate intentional risk mitigation rather than emotional liquidation. Large holders often exit quickly after a conviction.
ASTER faces pressure amid DeFi weaknesses
ASTER powers Aster DEX, a multi-chain perpetual trading platform that currently ranks approximately 61st in market capitalization. The token is currently trading near $0.74, below the whales’ average entry value. DeFi tokens have been struggling lately as liquidity moves towards the majors. AI agent tokens and mid-cap DeFi assets have experienced huge drawdowns. ASTER is currently trading within its risk-off environment.
Whale action strengthens short-term bearish signal
This sale does not occur in isolation. Other large ASTER holders have also recently exited their positions with significant losses. One whale dumped more than 13 million tokens, resulting in a loss of $1.37 million. The other fully closed out a $13 million position earlier this cycle. Repeated whale withdrawals often increase pressure on sellers. It also weakens trust among small holders who closely monitor on-chain flows.
Aster is planning multiple product launches that could change sentiment. Execution is now more important than story. The market demands visible user growth and volume growth. Until a catalyst materializes, whale behavior will dominate short-term price movements. A yield phase often precedes an extended consolidation or deeper retracement. ASTER is currently at its inflection point.
