Aster's price climbed to $0.74 on Thursday before settling near $0.70, a gain of roughly 5% on the day. The move came as 24-hour trading volume exploded 300% to about $256 million, signaling heavy speculative interest in the token.
Capital rotation into altcoins
The rally fits a broader pattern of capital shifting from Bitcoin and other majors into alternative tokens. Hyperliquid's HYPE token led the charge, surging over 19% in the past 24 hours and 46% over the last week to hit a new all-time high above $62. Grayscale Investments added more than 115,700 HYPE during the session, further fueling the momentum.
Analysts tracking the sector note that such rotations often occur when traders seek higher returns in less-liquid assets after a period of Bitcoin consolidation.
SpaceX perpetual contract
Aster's platform recently introduced a pre-IPO perpetual contract for SpaceX with up to 5x leverage. The product allows traders to speculate on the private company's valuation before it goes public, a niche offering that may have attracted additional inflows into the Aster ecosystem. While the direct impact on ASTER price is unclear, the timing of the contract launch alongside the token's volume spike suggests a link.
Price levels in focus
Bulls need a daily close above $0.75 to maintain the upward trajectory. If the price falls below $0.65, selling pressure could return, with key support sitting in the $0.65–$0.60 range. Traders will watch for a breakout or breakdown in the coming sessions as volume data and broader market sentiment provide the next clues.
