<img loading="lazy" decoding="async" class="aligncenter wp-image-142202 size-full" title="photo_2025-09-29_20-27-25" src="https://coinspot.io/wp-content/uploads/2025/09/photo_2025-09-29_20-27-25.jpg" alt="The ASTER token, associated with the decentralized perpetual contracts exchange Aster, has fallen another 10% in the past 24 hours and is now trading around $1.79." width="1280" height="865" srcset="https://coinspot.io/wp-content/uploads/2025/09/photo_2025-09-29_20-27-25.jpg 1280w, https://coinspot.io/wp-content/uploads/2025/09/photo_2025-09-29_20-27-25-266×180.jpg 266w, https://coinspot.io/wp-content/uploads/2025/09/photo_2025-09-29_20-27-25-400×270.jpg 400w, https://coinspot.io/wp-content/uploads/2025/09/photo_2025-09-29_20-27-25-768×519.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" / alt="The ASTER token, associated with the decentralized perpetual contracts exchange Aster, has fallen another 10% in the past 24 hours and is now trading around 
The ASTER token, associated with the decentralized perpetual contracts exchange Aster, has fallen another 10% in the past 24 hours and is now trading around $1.79. From the local high of $2.43, recorded on September 24, the price has rolled back by more than 20%. This happened amid growing skepticism from traders and mixed signals surrounding the involvement of Changpeng Zhao (CZ).
First doubts from users
Although Aster launched on BNB Chain just a few weeks ago and quickly gained popularity, some investors have started to exit the token. Well-known trader Mike Ess reported that he sold 60% of his holdings in ASTER, reallocating into Bitcoin and Plasma (XPL).
According to him, the platform still looks ‘raw’ and less convenient than its main competitor Hyperliquid:
‘If you’ve used HYPE and then tried Aster, you know what I mean. The interface seems slower, the product less refined. The more funds I allocate, the higher the sense of risk.’
These sentiments are shared by other market participants. Analyst Clemente stated that he completely exited ASTER in favor of the HYPE token, noting:
‘Hyperliquid leads in all metrics, except perhaps for issues with centralized listing.’
Ambiguous effect from CZ
Support from Changpeng Zhao, co-founder of Binance, helped Aster attract attention at launch. His venture company YZi Labs owns a minority stake, and part of the Aster team consists of former Binance employees.
However, CZ’s recent statements in one of the Spaces seemed reserved to investors. Some market participants decided that he is distancing himself from the project and took this as a signal to reduce risk.
‘If CZ stops actively mentioning Aster, HYPE will get a decisive advantage,’ Ess warned.
Nevertheless, project supporters remain. User Cooker is confident that Aster will secure its place in the perp DEX sector, and trader Crash believes that in the next cycle the token could even surpass Solana and Ethereum in growth rate.
Strong metrics, but trust under pressure
Aster’s fundamental indicators still look impressive. Since launch, the exchange has collected over $82 million in fees, and the total value locked (TVL) has reached $701 million. For a project with just a few weeks of history, this is a significant result.
However, the sharp price drop shows that investors expect not only quick numbers but also proof of the product’s resilience. Users compare Aster with Hyperliquid, and for now, the latter remains the leader.
What’s next?
ASTER has found itself at a crossroads. On one hand, the project could secure a place among the leading DEXs thanks to CZ’s support and rapid metric growth. On the other hand, user distrust and competition with Hyperliquid threaten to weaken its momentum.
The development scenario will depend on whether the Aster team can prove the platform’s reliability and turn a loud start into long-term trust.
Read more: NBA star Tristan Thompson chose cryptocurrencies over basketball
