Aster, a decentralized permanent exchange that was released in early September, has dropped by 10% in the last 24 hours alone.
Despite strong early traction and support from Binance founder Changpeng Zhao (CZ), a crack in emotion is beginning to be shown.
Analysts explain why Aster Price is falling
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At the time of writing, Aster’s power token, Aster, had been trading at $1.87, down 8% over the past 24 hours. Tokens are over 20% from the local top $2.43, which was founded on September 24th.
Against this backdrop, analysts analyzed what could drive the price drop of decentralized exchanges (DEX) tokens.
Price pressure and user doubts
The sale comes amid growing skepticism about the performance of Aster’s platform. Investor Mike S (Twitter) revealed on X (Two) that it sold 60% of Astor Holdings, spinning into Bitcoin (BTC) and Plasma (XPL).
He said his decision was driven by Changpen Zhao’s recent comments and intestinal instinct after his complaints about Aster’s products, while remaining beneficial.
“I know exactly what I mean if I use the hype and then switch to Aster. It’s slow, unsleek and feels copy pasty.
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Other traders reflect similar concerns. Another famous voice of X, Clemente, revealed that he had completely finished his Aster position in favor of the high-lipid hype token.
“High lipids are clearly the leader in all indicators other than crime and CEX distribution,” analysts argued.
Mixed signal from CZ
CZ’s involvement was a double-edged sword. On September 28th, Crypto executives organized Aster as a complementary project to the broader BNB chain ecosystem, despite being comparable to Binance Exchange.
His venture company YZI Labs (formerly Binance Labs) owns a minority stake in Aster and also boasts a team of former Binance employees.
However, traders like ESS interpret CZ’s tone in the space these days as calling distance, raising questions about his level of involvement. For some, this perception was sufficient to induce relaxation.
“If CZ stops talking about it, the hype will knock down the hands,” warned Es.
Still, there are still strong voices. A user known as Cooker has announced that Astor has convicted him of creating a long-term mark in the Perp Dex market.
Others, on the other hand, argued that in a way like a crash, Aster can outperform Solana and Ethereum in percentage terms in the next cycle.
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Strong fundamentals, prolonged uncertainty
With some measures, the foundations of Aster remain solid. Since launch, the platform has generated more than $82 million in fees, while Total Lock (TVL) has been promoted to $701 million in the BNB chain. For projects that last only a few weeks, these numbers reflect important adoption.
However, Quick Drawdown highlights the challenge of balancing early growth with user trust and product reliability.
Analysts warn that competition with high lipids is intensifying and that momentum could disappear without continuous product improvements.
Thus, the trajectory of Aster Price remains contested, with supporters viewing it as a bold new player with CZ approval stamps in a fast-paced scaling ecosystem. Meanwhile, skeptics say that Aster may be unfinished and exaggerated.
