Cryptocurrency Aster grew by a record 2345% in a month

Editor’s note: not investment advice!

The Aster decentralized exchange token (ASTER) has shown exceptional growth despite the general weakening of the crypto market. Over the past 24 hours, its value has risen by more than 4% to a new all-time high of $ 2.42. The asset gained 358% in a week and an incredible 2345% in a month, leaving such coins as Bitcoin BTC $108,464.00 Mezo Wrapped BTC -2.16% Market capitalization $38.64 million VOL. 24 hours $2.22 billion and Dogecoin DOGE $0.23 Binance-Peg Dogecoin -3.07% Market capitalization $0.58 billion VOL. 24 hours $0.48 billion far behind.

According to Coinglass, open interest in ASTER derivatives increased by 13% in just one day to reach $ 1.2 billion, indicating a rapid increase in speculative interest.

Large investors also joined the rally. According to Lookonchain, two whale wallets, including one tied to Galaxy Digital, have accumulated 118.25 million ASTER over the past week, worth about $ 270 million.

The growth was further boosted by Binance founder Чанпен Чжао" href="https://noworries.news/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao 's (CZ) posts on the X social network. He positively assessed the project’s development and emphasized that the explosion in the popularity of decentralized exchanges with perpetual contracts is expanding the market faster than expected. It is important to note that Aster operates on the BNB Chain.

At the time of publication of the news, the ASTER digital token was trading at $ 2.11, adding 4.02% overnight.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!