Monat: Oktober 2025

• Aster is rebounding after a sharp market crash, regaining key price levels.
• DeFiLlama delisting, however, sparked trust concerns across the DeFi community.
• Upcoming token unlock and delayed airdrop also pose new volatility risks.

After suffering one of its steepest crashes to date, the Aster (ASTER) cryptocurrency is once again showing signs of life.

The decentralised exchange token has rebounded more than 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 — the largest single-day wipeout in digital asset history.

Aster, which had climbed to prominence after rebranding from APX, was hit particularly hard, plunging 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, a $12 million token transfer to Binance, and a delay in its highly anticipated Stage 2 airdrop.

DeFiLlama delisting raises deeper questions

Aster’s removal from DeFiLlama last week was more than a simple data correction. It reignited a broader debate about transparency and trust in decentralised finance (DeFi).

The analytics platform flagged Aster’s reported volumes for suspicious similarities with Binance’s perpetual market data, suggesting the exchange’s activity might not be entirely organic.

For a project that had quickly climbed to the top of the DEX leaderboard, the delisting was a major credibility blow.

The controversy highlighted a deeper issue within DeFi of how much the supposedly trustless system still depends on centralised gatekeepers to define what’s real.

Experts note that roughly a quarter of exchanges still display signs of inflated activity through wash trading or automated self-dealing.

When DeFiLlama pulled Aster’s data, some, like Bolivian, accused the aggregator of acting as a centralised authority.

Others, like Simon Dedic, defended its decision, saying it protected the integrity of market data. The incident served as a reminder that in a world built on transparency, trust remains the weakest link.

Aster airdrop delay and token unlock weigh on outlook

Adding to the uncertainty is Aster’s upcoming Stage 2 airdrop, which the team postponed from October 14 to October 20 after complaints about allocation discrepancies.

The developers have, however, confirmed that 4% of the token supply will soon move from the Airdrop Reserve to the project’s Treasury contract, ready for the unlock.

Heads up, community.

We’re moving funds on-chain to prepare for the upcoming Stage 2 $ASTER airdrop claim.
A total of 4% of $ASTER tokens will be transferred from the Airdrop Reserve to the Aster DEX Treasury contract.

These are official transactions conducted by the team.…

— Aster (@Aster_DEX) October 13, 2025

While the delay has temporarily eased selling pressure, it has also raised concerns about future dilution.

More than half of Aster’s total supply remains designated for upcoming airdrops, and the lack of clear vesting details could spark volatility once tokens enter circulation.

Bulls return, but resistance looms

Despite these challenges, Aster’s price has rebounded sharply, trading around $1.56 after recovering key support at $1.50.

Technical indicators show improving sentiment. The Relative Strength Index (RSI) has climbed above the neutral 50 mark, while the MACD has turned positive, suggesting renewed buying pressure.

A clean break above $1.60 could open the path to $1.70 and eventually the psychological $2 level if momentum holds.

On-chain data also supports the bullish turn. Aster’s total value locked (TVL) has risen slightly to $2.16 billion, signalling that liquidity is slowly returning to the protocol.

The rebound in TVL, while modest, suggests users are regaining confidence after last week’s panic.

However, analysts caution that the pattern resembles a “dead cat bounce” common after steep selloffs.

$ASTER this might be unpopular, but there’s a valid case to be made that despite the liquidation, Aster’s still forming another lower high while bulls try to regain momentum.

The rejection around $1.53 lines up pretty nicely with both the top of the descending channel and the… pic.twitter.com/FAztwhn2Pl

— Ardi (@AltcoinArdi) October 13, 2025

If the bullish pressure fades, the price could retreat toward $1.25 or even $0.97.

The post ASTER price bounces back, but DeFiLlama exit and unlock threaten rally appeared first on CoinJournal.

• The Hyperliquid Improvement Proposal 3 (HIP-3) upgrade enables permissionless perpetual market creation.
• Jeff Yan’s transparency push boosts trust in on-chain trading.
• Hyperliquid (HYPE) price has held above $40, eyeing resistance near $43.82.

Hyperliquid (HYPE) has rallied sharply today, with HYPE jumping about 13% to $41.67 as markets reacted to a major protocol upgrade and a renewed debate over exchange transparency.

The HYPE token price surge pared a weekly decline and sent market-cap metrics higher as traders digested both the technical and fundamental implications of recent events.

Activation of HIP-3 Hyperliquid upgrade

The headline driver is the activation of Hyperliquid Improvement Proposal 3 (HIP-3) on Oct. 13, a protocol upgrade that allows permissionless creation of perpetual futures markets.

Under the new rules, builders who stake 500,000 HYPE can deploy perp DEXs on HyperCore, a shift that explicitly links token utility to platform growth.

That staking mechanism creates immediate on-chain demand for HYPE while lowering barriers for derivatives builders, potentially expanding the range of tradable products and liquidity on the protocol.

This upgrade also aligns with Hyperliquid’s broader positioning as a fully on-chain DEX integrated with HyperEVM.

By design, every trade, order, and liquidation is logged transparently on the chain. For traders and market makers, the promise of open verification reduces counterparty risk tied to opaque internal reporting.

Hyperliquid’s founder criticises CEX’s non-transparent liquidation

Hyperliquid’s founder, Jeff Yan, amplified HYPE’s value proposition by publicly criticising centralised exchanges for underreporting liquidation events.

Yan pointed to documentation showing Binance’s CEX liquidation streams only publish a single event per 1,000 milliseconds, which can mask multiple simultaneous liquidations.

Hyperliquid’s fully onchain liquidations cannot be compared with underreported CEX liquidations

Hyperliquid is a blockchain where every order, trade, and liquidation happens onchain. Anyone can permissionlessly verify the chain’s execution, including all liquidations and their… pic.twitter.com/K5sv74LJgO

— jeff.hl (@chameleon_jeff) October 13, 2025

In the wake of a $19 billion liquidation cascade over Oct. 10–11, those comments hit home for many market participants.

The contrast between Hyperliquid’s on-chain record and alleged CEX underreporting has become a tradeable narrative.

Institutional and retail traders who prioritise verifiable execution may reallocate activity and capital toward venues where every liquidation is public and auditable.

That trust shift, if it persists, could support sustained volume on Hyperliquid.

HYPE token price analysis

Technically, HYPE has bounced off a longer-term support near the 200-day simple moving average, around $36.17, which attracted dip buying.

Momentum indicators look mixed: RSI sits close to oversold territory at about 38.8, suggesting room to run, while MACD readings remain bearish.

While Hyperliquid’s price has today cleared a short-term hurdle, meaningful overhead resistance exists, and bears have not yet capitulated.

According to some analysts like CoinLore, the token needs to hold above $39.80 to target the first resistance at $43.82, with higher resistances at $49.45 and $57.30.

On the downside, a failure of $39.87 could open the path toward $35.03, where longer-term support may be tested.

Hyperliquid price forecast and key levels to watch

In the near term, bullish momentum looks plausible if adoption follows the upgrade and if the transparency narrative continues to redirect volume into Hyperliquid.

A sustained hold above $40 is critical; it would validate the recent rebound and increase the chance of testing $43.82 as the next objective.

Failure to defend that zone, however, could see HYPE retest lower support near $35.

Traders should watch for concrete adoption signals over the next 48 hours: new perp deployments, on-chain staking activity, and consistent trade volumes on freshly minted markets.

The traders should also monitor how the broader market digests macro news, since systemic events can quickly overwhelm idiosyncratic catalysts.

If builders and traders embrace HIP-3, HYPE’s utility and demand could meaningfully outpace speculative momentum alone.

The post Hyperliquid price forecast: HIP-3 upgrade and CEO’s transparency crusade fuel bullish momentum appeared first on CoinJournal.