DeFiLlama announced on October 5, 2025, that it would stop listing Aster’s trading data as it launches an investigation into its trading numbers. Builder 0xngmi, founder of DeFiLlama, noted that Aster’s trading volumes for pairs like XRPUSDT and ETHUSDT closely matched those of Binance, suggesting possible wash trading.
We’ve been investigating aster volumes and recently their volumes have started mirroring binance perp volumes almost exactly
Chart on the left is XRPUSDT on aster, you can see the volume ratio vs binance is ~1
Chart on the right is XRP perp volume on hyperliquid, where there’s… pic.twitter.com/MwVD7rRyEn
— 0xngmi is hiring (@0xngmi) October 5, 2025
The practice involves trading with oneself to inflate volume figures, which raises concerns about the authenticity of Aster’s reported $73.7 billion in 24-hour volume. Following the decision, ASTER’s price reacted negatively, plunging by over 10%. The token is currently trading at $1.85, according to Coingecko.
Aster Faces Wash Trading Allegations
Since launching on September 17, Aster has competed hard with Hyperliquid, reaching $493.6 billion in trading volume over 30 days. However, a lack of clear data about who is placing orders has led DeFiLlama to halt Aster’s listings for now, stressing the need for “data integrity.”
Aster is a decentralized exchange on the BNB Chain that offers high leverage (up to 100x) and protects against miner extractable value (MEV). Notably, Aster’s upcoming Genesis Stage 2 airdrop plans to distribute 4% of its total token supply, about 320 million tokens worth around $700 million, starting on October 14.
There is no waiting period for these tokens, allowing recipients to sell them right away. However, data from Lookonchain shows that 96% of these tokens are in just six wallets, raising the risk of a large sell-off.
ASTER Slides Amid Bullish Market Sentiment
Following DeFiLlama’s announcement, Aster’s price fell by over 10%, dropping from $2.14 to $1.84. Analysts warn that if it falls below support levels of $1.60 to $1.80, it could drop to $1.26 by October 7, given current market patterns and volatility. This decline represents a 23% drop from its all-time high of $2.41, reached on September 24, with trading volume reaching $1.28 billion.
The development occurred even as the market experienced a bullish streak. Just a day ago, the apex coin crossed $125,000 due to a growing bullish sentiment within the market. U.S.-approved exchange-traded funds (ETFs) linked to Bitcoin saw $627 million in new investments as investors show strong interest
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