Whales Continue Depositing 58.6 Million ASTER into Daniel Larimer's Binance

Whale 0xFB3B just transferred 58.6 million ASTER to a Binance wallet associated with Daniel Larimer, equivalent to $92.3 million at an Medium price of $1.57, and still holds 14.1 million ASTER worth $18 million.

This transaction, which represents an estimated total loss of over $23 million, could create selling pressure on ASTER and impact liquidation and short-term price volatility.

Transaction details

The transaction included 58.6 million ASTERs transferred to a Binance wallet associated with Daniel Larimer, at an Medium price of around $1.57 per ASTER.

The remaining amount is 14.1 million ASTER, estimated to be worth around $18 million. Deposits to centralized exchanges usually indicate the ability to sell or manage liquidation .

Impact on the market

Transferring large volumes of ASTER to exchange wallets can create selling pressure, increasing spot supply and causing short-term price volatility.

The actual impact depends on Order Book liquidation , daily volume and investor reaction; if liquidation is low, prices may fall more sharply.

Implications for investors

Investors need to monitor volume and sell orders on the exchange to assess volatility risks and determine appropriate Capital points.

Risk management strategies include Chia trades, placing limit orders, and monitoring news related to the development team or large moves from whales.

Does this transaction mean the wallet owner will sell all ASTER?

Not necessarily; transferring to an exchange wallet indicates a sale but does not guarantee all will be liquidated immediately.

Are price and value figures subject to change?

Yes; prices and estimated values ​​vary by market. Figures quoted are as of the date of reporting and are subject to change.

How does this affect the ASTER project?

Large selling pressure can have a short-term impact on price and investor sentiment, but the long-term impact depends on tokenomics and project performance.