TLDR
- MrBeast purchased an additional 167,436 Aster tokens worth $320,000, bringing his total investment to $1.28 million
- Aster’s daily revenue reached $14.3 million, 10 times higher than Hyperliquid’s $1.17 million
- The DEX token ranks second globally in fees, behind only Tether
- Aster’s price has surged over 1,500% in one week
- A wallet reportedly linked to Donald Trump’s TRUTH Social purchased around $75 million worth of Aster
The popular YouTuber MrBeast has expanded his investment in the Aster token with a new purchase worth approximately $320,000. This addition brings his total holdings to $1.28 million as the decentralized exchange (DEX) token continues to show strong performance against competitors.
According to data from Lookonchain, MrBeast bought another 167,436 Aster tokens in his latest transaction. This follows his earlier acquisition of more than 538,000 tokens using wallets that have been publicly connected to him.
The YouTuber’s average purchase price is estimated at $1.87, suggesting a strategic accumulation approach. His continued investment indicates confidence in the project’s direction and potential for growth.
MrBeast isn’t the only high-profile figure showing interest in Aster. Reports suggest that a wallet connected to Donald Trump’s TRUTH Social has purchased approximately $75 million worth of the token, adding to the celebrity attention the project has received.
Explosive Growth and Revenue
The Aster token has experienced a price increase of over 1,500% in just one week. This dramatic rise has been attributed to substantial purchases by whale investors and public endorsement from Binance founder Changpeng Zhao (CZ).
CZ highlighted that the DEX token now ranks among the largest holders of BSC-USDT outside of Binance’s own wallets. This position indicates the platform is attracting serious liquidity in the market.
DeFiLlama data shows that Aster captured $14.3 million in fees within a 24-hour period. This impressive figure places it second globally behind only Tether, surpassing established names like Circle and Uniswap.
Most importantly, Aster’s revenue is ten times larger than competitor Hyperliquid, which generated just $1.17 million during the same period. This gap has widened since last week when Aster was producing $10 million daily compared to Hyperliquid’s $3 million.
Market Position and Trading Volume
The platform now leads DEX volume rankings, processing more than $42 billion in perpetual trading volume within a 24-hour timeframe. This rapid ascent has sparked discussions about its impact on competitors in the space.
Crypto trader James Wynn has taken a long position on Aster and suggested that Hyperliquid may eventually face decline. He believes that CZ’s backing could propel the token to the top of the market, potentially leaving rivals struggling to maintain their positions.
The token’s value continues to attract both individual and institutional investors, particularly following MrBeast’s high-profile purchases. For sustained growth, the exchange will need to maintain strong fee generation while expanding its service offerings.
The most recent data shows Aster maintaining its position as one of the most active decentralized perpetual exchanges, consistently outperforming competitors like dYdX and GMX in daily trading volume.
The post MrBeast Increases Aster Token Holdings to $1.28 Million as Revenue Outpaces Rivals appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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