Aster Token Faces Sharp Decline Amid Insider Selling Concerns
Over the past three months, Aster’s token has fallen significantly more than Bitcoin and competitor Hyperliquid, driven largely by complaints over insider selling. The CEO acknowledged the slump and outlined measures to improve transparency, including reducing airdrops and clarifying buyback procedures. However, insider selling and upcoming token unlocks remain unchanged, keeping some investors cautious. The project’s close ties to Binance founder CZ also factor into market sentiment, as broader challenges surrounding Binance continue to influence confidence. Investors are watching closely to see how Aster addresses these issues moving forward.
