Aster Price Rebound Threatened by DeFiLlama Exit and Unlock
Aster (ASTER) cryptocurrency has rebounded over 13% in the past 24 hours, recovering from a deep selloff that wiped out over half of its market value earlier this month.
The rebound follows a chaotic week in the crypto market that saw more than $20 billion in leveraged positions liquidated.
- Aster plunged nearly 52% from its September highs around $2.30 to as low as $1.10.
- The crash came after a string of damaging events, including its abrupt removal from DeFiLlama and a delay in its highly anticipated Stage 2 airdrop.
Aster’s removal from DeFiLlama last week was more than a simple data correction.
A $12 million token transfer to Binance also contributed to the crash.
Aster had climbed to prominence after rebranding from APX.
Author's summary: Aster rebounds 13% after a steep crash.