ASTER drops 16% after fake news links CZ to token sell-off
ASTER, the native token of DEX Aster, plunged 16.8%, sliding from $1.03 to as low as $0.8566, amid the spread of misinformation. At the time of publication, ASTER traded at $0.9853, recovering the majority of its losses. Its daily trading volume surged around 16% to $674.7 million, according to CoinMarketCap data. The token’s circulating supply is currently over 2.01 billion. ASTER now ranks as the 46th largest cryptocurrency by market capitalization. Aster is a decentralized exchange (DEX) backed by YZi Labs, the crypto investment arm of Binance co-founder Changpeng “CZ” Zhao. The DEX natively operates on four chains — BNB Chain, Solana, Ethereum, and Arbitrum — enabling perpetual futures and spot trading. ASTER 24H price chart. Source: Finbold The crypto market recorded over $884 million in liquidations in the past 24 hours, as per CoinGlass data. ASTER accounted for about $7.11 million, while rival DEX token Hyperliquid (HYPE) took a hard hit with a si...