Aster, the fast-growing crypto project backed by Changpeng Zhao (CZ), is firing on all cylinders. Its token has jumped to over $3 billion, while the fully diluted valuation hit $14 billion.
Aster has Flipped Hyperliquid in Perps Volume
Data compiled by DeFi Llama shows that Hyperliquid, which has long dominated the perpetual futures industry, is losing market share.
The network handled perpetual futures worth over $4 billion in the last 24 hours, bridging the 30-day figure to $290 billion.
Aster, on the other hand, handled volume worth over $42 billion in the last 24 hours. This increase brought the 30-day volume to over $205 billion.
As such, if this trend continues, it means that Aster’s monthly volume will likely flip Hyperliquid in the coming months.
However, there is a possibility that DeFi Llama’s data is not accurate. This data shows that it has handled over $204 billion this month, much higher than the $9.7 billion that it handled in the previous month.
Additionally, most of the volume occurred last week, which means the numbers are likely not accurate.
Pudgy Pandas is the New Star in Crypto
Meanwhile, crypto investors are turning to Pudgy Pandas, a new meme coin that recently launched its token sale. It has become one of the top-trending cryptocurrencies on social media, especially in Asian countries such as China and South Korea.
While crypto is officially banned in China, data shows that the country has over 59 million crypto holders. Similarly, South Korea is one of the most active countries in the crypto industry.
Chinese, South Koreans, and other Asian crypto investors are accumulating the token due to their affection for pandas. Most importantly, they have bought into the team’s vision of creating a crypto project that will rival other peers, such as Pepe Coin and Pudgy Penguins, which have lost favor among investors.
Additionally, the team has a goal of allocating some of these coins to conservationists focusing on the panda. This is important as the population has continued to dwindle in the past few years and is now less than 2,000.
Another portion of the tokens will be allocated towards the Panda Birth Initiative, which will burn the $PANDA token whenever a new one is born.
Time is Running Out to Buy PANDA at a Bargain
The Pudgy Pandas token sale is different from many others. Firstly, the team has been allocated only 2% of the tokens. In most token sales, the team typically secures over 30% of the tokens. For example, Donald Trump’s family owns about 80% of the Trump Coins in circulation.
Also, the goal is to launch the token on exchanges in the next 18 days. In most cases, token sales continue running for months, with some lasting over a year. By launching it in the next few days, buyers can easily exit their positions.
The benefit of buying the PANDA token now is that it is selling at a bargain. Its current price is $0.3515, much lower than the listing price of $0.06055. Hurry up and buy PANDA here.
