Aster crypto (ASTER) stunned the crypto market on September 18, surging more than 370% in 24 hours to an all-time high of $0.7666, according to CoinMarketCap data. Trading volume ballooned nearly 680% to $458 million, placing ASTER token among the day’s top gainers and the 74th largest coin by market cap.
The rally followed Aster’s token generation event (TGE), which rebranded derivatives platform APX Finance into AsterDEX, and coincided with a timely nod from Binance founder Changpeng “CZ” Zhao that supercharged trader speculation.
Why Aster Crypto Is Going Up Today
The immediate trigger for the Aster crypto proce run was the 1:1 swap of APX to ASTER, which went live on September 17. Legacy holders rushed to convert, with on-chain sleuths reporting massive paydays for early investors.
Another bullish catalyst for the Defi token is that CZ posted Aster’s trading chart on X with the comment: “Well done! Good start. Keep building!”
Traders interpreted the message as a potential signal of a future Binance listing, a prospect that has historically sent volumes and valuations soaring for projects in Binance’s orbit.
The timing amplified momentum. AsterDEX, which claims to support 1001x perpetuals with sub-0.03% fees, reported 400,000 new users during launch and $345M traded in 24 hours. Combined with an existing APX community eager for migration rewards, the result was a rapid influx of demand outpacing sell pressure.
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Furthermore, popular crypto traders on social media compared ASTER token’s early days to Hyperliquid’s HYPE, which has rocketed to a $19 billion market cap today.
Some argued that ASTER, at just $1.25 billion in market cap, remains undervalued, predicting billions in future monthly volume and strong buyback mechanisms to support price.
Others highlighted barriers to entry, noting the token is currently tradable only on Aster’s own DEX. “Ninety-five percent of people don’t know how to buy ASTER yet,” one trader wrote, suggesting retail demand has yet to arrive fully.
Aster Price Outlook
The key question now is whether the ASTER price can sustain its momentum once the initial hype fades. Much hinges on three factors.
First, whether Binance confirms a listing, which would bring liquidity and mainstream access. Second, whether AsterDEX can maintain its reported $33 billion in monthly capacity without infrastructure bottlenecks.
And third, whether APX-to-ASTER migration pressures flood the market with fresh supply over the coming weeks.
If volume holds and speculation about a Binance exchange listing proves true, the Aster token may follow Hyperliquid’s explosive trajectory. If not, the same thin liquidity that sent it soaring could test the conviction of traders who rushed in at the highs.
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