The post Aster price continues to bleed as CEO responds appeared on BitcoinEthereumNews.com. Insider selling at Aster has become such a frequent complaint on socialThe post Aster price continues to bleed as CEO responds appeared on BitcoinEthereumNews.com. Insider selling at Aster has become such a frequent complaint on social

Aster price continues to bleed as CEO responds

3 min read

Insider selling at Aster has become such a frequent complaint on social media that its CEO had to slash airdrop marketing plans, modify its buyback mechanism, and swear insiders weren’t selling ahead of schedule.

Over the last three months, the price of its native token has declined twice as much as bitcoin and three times as much as HYPE, the native asset of its primary competitor, Hyperliquid.

Although the vast majority of digital assets decline in value as a general rule, Aster’s particularly egregious underperformance is salient given its financial backing and promotion by Changpeng Zhao (CZ), the billionaire founder of Binance.

CZ has been at the center of numerous controversies in recent days, suffering continued blame for Binance’s role in crypto liquidations and a flood of anti-Binance posts on social media.

Needless to say, fans of CZ, Binance, and Aster aren’t happy about Hyperliquid’s dramatic outperformance.

Aster’s CEO apologized for a languishing token price, but failed to stop upcoming supply pressure from his team’s token unlocks.

Aster token unlocks and insider selling will continue. Source: CoinMarketCap

Aster CEO tries to soften insider selling

Like Hyperliquid, Aster calls itself a decentralized exchange, despite operating under a CEO. Leonard, a pseudonym, runs Aster and responded to public outcry today.

In his post, Leonard admitted to the dismal price performance of Aster. “I want to acknowledge that we understand the frustration of many holders because of the recent price performance of Aster. We heard those feedbacks and are trying our best to reverse the trend.”

Unfortunately, that apology stopped short of ending, let alone reversing, his team’s insider vesting and selling schedule.

Read more: Is Aster just CZ taking Binance on-chain?

The Aster CEO went on to explain a reduction in airdrops of tokens to third-party communities, which have dubious efficacy as a marketing tactic relative to their inflationary pressure on existing Aster token holders. 

After all, a “free” airdrop has a cost — diluting prior investors. There’s no free lunch on Wall Street.

In addition, he admitted that Aster token buybacks have been somewhat unpredictable and difficult to independently verify on blockchain explorers. The CEO promised to enable daily buyback programs that “execute automatically from fees generated” by Aster’s crypto exchange.

CZ has repeatedly promoted Aster and is a minority investor in the project via his family office, YZi Labs. Aster uses BNB Chain, a blockchain founded by CZ’s Binance.

Got a tip? Send us an email securely via Protos Leaks. For more informed news, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.

Source: https://protos.com/aster-price-continues-to-bleed-as-ceo-responds/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Over 60% of crypto press releases linked to high-risk or scam projects: Report

Over 60% of crypto press releases linked to high-risk or scam projects: Report

A data analysis shows crypto press release wires are dominated by scam-linked projects, hype-driven content and low-impact announcements, raising concerns about
Share
Crypto.news2026/02/04 22:02
Outlook remains cautious – TD Securities

Outlook remains cautious – TD Securities

The post Outlook remains cautious – TD Securities appeared on BitcoinEthereumNews.com. TD Securities analysts anticipate that the Bank of England’s Monetary Policy
Share
BitcoinEthereumNews2026/02/04 22:15
Trump Announces New U.S. Visa Program for Wealthy Foreigners

Trump Announces New U.S. Visa Program for Wealthy Foreigners

The post Trump Announces New U.S. Visa Program for Wealthy Foreigners appeared on BitcoinEthereumNews.com. Key Points: President Trump introduces the “Gold Card” visa program for affluent foreigners with tremendous monetary contributions. Program aims to boost U.S. revenue through significant financial gifts to the Treasury. No direct link to cryptocurrencies reported in official channels. On September 19, President Donald Trump announced the “Gold Card,” a new U.S. visa program offering expedited residency for high-net-worth individuals contributing financially to the nation. This initiative highlights policy shifts in U.S. immigration, targeting wealthy foreigners and promising substantial revenue gains, yet raises questions about potential economic and security impacts. Ethereum (ETH) Market Data Amidst New Immigration Reform Ethereum (ETH) is trading at $4,469.34, with a market cap of $539.47 billion, according to CoinMarketCap. 24-hour trading volume decreased by 20.37%, reaching $24.02 billion. ETH’s price has shown a 103% increase over the past 90 days, maintaining a market dominance of 13.37%. Despite its emphasis on financial inflows, the Gold Card program has yet to demonstrate tangible effects on the cryptocurrency market, according to the Coincu research team. While there is no significant crypto price movement attributed to it, experts caution potential regulatory and economic implications for international crypto investors seeking U.S. residency. Donald Trump, President, United States, “To advance that policy, I hereby announce the Gold Card, a visa program overseen by the Secretary of Commerce that will facilitate the entry of aliens who have demonstrated their ability and desire to advance the interests of the United States by voluntarily providing a significant financial gift to the Nation.” Market Data Did you know? The “Gold Card” visa program is positioned as a faster alternative to the existing EB-5 Investor Visa, appealing to international elites looking for expedited U.S. residency without direct job creation requirements. Ethereum (ETH) is trading at $4,469.34, with a market cap of $539.47 billion, according to CoinMarketCap.…
Share
BitcoinEthereumNews2025/09/20 22:11