ASTER has revealed that the second phase of its highly anticipated airdrop will commence on October 10th. This announcement follows a period of remarkable growth, with open interest surging to a staggering $5 billion in less than two weeks.
ASTER’s Phase Two Airdrop Set to Launch October 10th
According to a recent social media update, the Genesis Stage 2 airdrop will conclude on October 5th. Reward claims will be enabled starting October 10th, with the actual token distribution beginning on October 14th. Notably, these rewards will be distributed without any lock-up restrictions, providing participants with immediate access to their tokens.
The subsequent Stage 3, dubbed Aster Dawn, is scheduled to run seamlessly for a five-week duration, concluding on November 9th. This phase introduces a more sophisticated reward structure, incorporating spot trading incentives, a multi-faceted scoring system, and multipliers specific to certain symbols.
Furthermore, team boosts will be modified to retain accumulated progress, rather than resetting weekly. This is designed to foster a more enduring incentive for continuous team collaboration.
This strategic move comes amidst increasing optimism surrounding the token, especially after substantial ASTER transfers were observed heading to Binance wallets. This has fueled speculation regarding an upcoming listing on the prominent exchange. On-chain analytics initially revealed a minor test transaction of 20 tokens, succeeded by a significantly larger transfer valued at $4.8 million.
The coin’s momentum was further amplified by a public endorsement from CZ, the former CEO of Binance, adding to the anticipation as traders await confirmation of the listing. A Binance listing is expected to potentially expose the project to a vast audience of both retail and institutional investors.
Open Interest Reaches Impressive $5 Billion Mark
The token’s performance within the derivatives market has been truly exceptional. Data shared by analyst Fefe Demeny highlights the project’s open interest soaring from virtually nothing to $5 billion in a mere two-week period. This represents approximately one-third of HyperliquidX’s total open interest.
Despite Hyperliquid’s $50 billion fully diluted valuation, significantly exceeding ASTER’s $13 billion, the rapid expansion highlights the market’s strong willingness to invest capital on the platform. CoinGape previously reported that the ASTER DEX surpassed Hyperliquid in terms of revenue for the first time, driven by a substantial increase in open interest from $3.72 million to $1.25 billion.
Furthermore, the coin has garnered the attention of influential figures. Reports indicate that YouTube personality MrBeast recently acquired over 167,000 tokens, valued at approximately $320,000, bringing his total investment to $1.28 million.
The token’s price action has been characterized by volatility. Following a surge from $1.50 to a recent peak above $2.14, the price has retreated below a crucial support level at $1.74. Crypto analyst Ardi cautioned that a failure to reclaim this level could trigger further declines, while regaining it could revitalize bullish sentiment with targets above $2.30.
$ASTER MARKET UPDATE 📢
After a strong +50% run from $1.50 → $2.27, Aster has cooled off and slipped below the crucial bull trend invalidation line at ~$1.96, which also measures up with the 38.2% Fibonacci support.
Breaking that level shifts momentum toward the 61.8% Fib… https://t.co/0tteXRoMAJ pic.twitter.com/y9GdAiOi5E
— Ardi (@AltcoinArdi) October 5, 2025
As of the time of this report, the token is trading near the $1.80 mark, reflecting a 10% decrease over the preceding 24 hours.
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