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- ASTER surged 15% to $1.11 on October 23.
- Rocket Launch rewards top traders $200K in tokens.
- CZ’s endorsement amplifies market confidence.
Aster (ASTER) turned heads in the crypto world on October 23, rallying 15% in a single session. The token surged from just under $1.00 to an intraday peak of $1.11, pushing its market capitalization beyond $2.2 billion. This jump comes on the heels of Aster’s innovative Rocket Launch program, reigniting investor interest in the hybrid exchange.
Rocket Launch Program Drives Investor Excitement
The Rocket Launch initiative is designed to connect traders with early-stage crypto projects before they appear on major exchanges. Users can earn rewards in both Aster tokens and native tokens from participating projects. To qualify, traders must hold a minimum Aster balance in their Spot and Perpetual accounts and meet designated trading volumes.
Top performers are set to share $200,000 in rewards, creating strong incentives for active participation. Interestingly, trading volume actually fell by 5% during the rally, suggesting that the surge was driven largely by whale accumulation rather than retail traders, according to CoinMarketCap data.
CZ’s Pardon Adds Momentum
The rally gained extra momentum after Binance founder Changpeng Zhao, also known as CZ, received a pardon from Donald Trump. His public endorsements of Aster’s hybrid exchange model and liquidity routing infrastructure have fueled confidence. While speculation about his advisory role continues, CZ’s praise has drawn significant attention to the project, especially within the BNB ecosystem.
Also Read: ASTER Buyback Fails to Spark Rally as Market Remains Bearish
Hybrid Exchange Structure Supports Sustainable Growth
Aster’s hybrid exchange model, supporting both spot and perpetual markets, differentiates it from competitors. The Rocket Launch program not only boosts liquidity but also fosters transparent market participation. CEO Leonard emphasized that the platform’s goal is to efficiently price high-quality assets while aligning incentives for traders, token holders, and emerging projects.
With Aster reclaiming a multi-week high above $1.10, bullish sentiment is building, highlighting the platform’s growing appeal and investor optimism.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
