🟢 Galaxy Digital Accumulates $270M in $ASTER – 7% of Supply Secured

Recent on-chain data confirms that Galaxy Digital–linked wallets withdrew 50M $ASTER (~$114M) from Gate-io, part of a broader accumulation of 118.25M tokens (~$270.8M) by whales. This activity represents 7.13% of ASTER’s circulating supply now held by just two major entities.

From an institutional perspective, this move is highly significant:

1️⃣ Liquidity Impact – Removing such a large allocation from exchanges compresses available supply, creating potential upward price pressure if demand continues.

2️⃣ Strategic Positioning – Galaxy Digital’s involvement signals long-term confidence, not short-term speculation. Their allocations typically precede narrative shifts and broader institutional interest.

3️⃣ Market Signal – Whale accumulation of this scale often serves as a leading indicator, suggesting smart money is positioning ahead of expected catalysts.

📌 The key takeaway isn’t price action — it’s the transfer of ownership. With 7% of supply now concentrated in strong hands, ASTER has entered a new phase of institutional accumulation. Traders and funds would be wise to track wallet flows closely, as this level of commitment rarely happens without a broader strategy in play.