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YouTube star Mr Beast scoops $900K worth of ASTER in a 3-day buying spree

  • Mr Beast bought 538,384 ASTER tokens in the past three days.
  • He accumulated the dip, purchasing at $1.87 average price.
  • Aster DEX resolved a technical trading issue today and compensated affected users in USDT.

Experienced market players are taking the current market downturn as a chance to buy at lower prices.

On-chain data shows popular YouTuber Mr Beast purchased 538,384 ASTER coins in the past three days.

The star had deposited $1 million in USDT using two wallets, withdrawing tokens worth approximately $990,000.

Details show Mr Beast executed his transaction when ASTER traded at around $1.87 per coin, indicating what many consider a smart “dip buying strategy.

Aster has gained traction lately as perpetual decentralized exchanges dominate trends that Hyperliquid began weeks ago.

Native ASTER has been on steroids this week, soaring continuously from $0.10 on September 17 to all-time highs above $2.4 as of September 24.

However, it has lost the upward steam due to broader market bearishness and profit booking.

ASTER is trading at $1.88 after losing more than 10% of its value within the last 24 hours.

Despite the downside, massive whale actions signal confidence in solid rebounds.

Mr Beast’s bet on Aster has triggered optimism among enthusiasts who anticipate significant growth as the altcoin gains visibility.

One X user commented:

Celebrity entries like this tend to draw mainstream attention, interesting to see how retail sentiment reacts around ASTER after Mr Beast’s move.

Aster DEX sparks debates with swift issue resolution

Mr Beast’s purchase news emerged as the decentralized exchange faced a technical challenge early today.

The team reported abnormal price actions on the XPL trading pair, which liquidated some users.

Meanwhile, the DEX reacted swiftly, solving the issue and reimbursing affected users.

Individuals received compensation in USDT, covering all losses, including liquidation and trading fees.

The official announcement declared:

Compensation for the XPL perp incident has now been fully distributed. All affected users have received reimbursement directly in USDT to their accounts.

The DEX emphasized transparency during the recovery process and urged users with concerns to reach out to the support through Discord.

The prompt action won traders as it reinforced trust in Aster’s ability to safeguard users and ensure transparency during downtimes.

ASTER Price action

The native token trades at $1.88 after dropping over 10% in the previous 24 hours.

ASTER mirror prevailing broader declines, which escalated after the latest USD GDP data revision.

Nevertheless, experts believe the current bearish performance won’t last, forecasting swift rebounds as October approaches.

Investor and analyst @Eljaboom says ASTER is about to explode to $3 as it completes its correction phase.

That would translate to an approximately 60% gain from the market price.

Besides endorsement from Binance’s CZ, Aster gains traction as it taps a unique niche, which looks to dominate the upcoming bull run.

Perpetual DEXs are attracting attention as they blend DeFi’s transparency and self-custody with CEX-like speed, liquidity, and performance.

The post YouTube star Mr Beast scoops $900K worth of ASTER in a 3-day buying spree appeared first on CoinJournal.

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Ethereum price at crossroads, tests key support at $3,800 as analysts point at possible rebound

  • Ethereum ETF inflows show smart money buying despite short-term weakness.
  • Whales are reducing holdings while mid-sized sharks drive accumulation.
  • Heavy ETH liquidations are fueling bearish sentiment.

Ethereum (ETH) finds itself at a critical juncture as price tests support near $3,800 after a sharp pullback from recent highs.

Analysts are now weighing the technical damage against on-chain signals that point in different directions.

Ethereum price under bear pressure

Recently, the price of ETH slipped below $4,000 and is now trading around the mid-$3,800s.

The 24-hour range shows intraday swings between $3,833.75 and $4,051.26, while analysts single out the $3,800–$3,850 band as the immediate line of defence and $3,500–$3,400 as deeper liquidity zones if sellers push further.

Notably, the Ethereum price has fallen beneath the clustered 20, 50 and 100-EMAs, which currently sit roughly between $4,083 and $4,238 and now act as resistance.

Momentum indicators have also weakened, with the four‑hour RSI sitting near 29, indicating oversold conditions that often precede short relief rallies.

Whales offload as sharks accumulate

On-chain flow metrics show notable exchange inflows, with a recent spike of about $66.7 million moved onto spot venues.

That movement coincided with ETH dropping below $4,000, and it signals that some holders are routing coins to exchanges to sell.

Large wallets holding more than 100,000 ETH have trimmed positions sharply, a development many analysts interpret as increased selling by the largest holders.

At the same time, mid‑sized entities — addresses holding between 10,000 and 100,000 ETH — are accumulating and taking a more prominent role in on‑chain ownership dynamics as highlighted by Joao Wedson.

This transfer of supply from the very largest wallets toward a concentrated set of mid‑sized “sharks” has nudged the Gini coefficient higher after months of decline, underscoring renewed ownership concentration among wealthier addresses.

While these movements are seen as dynamic by some, it is also viewed as a double‑edged sword by others since it reduces one class of outsized selling but increase concentration risk.

Liquidations spoil the party as ETFs see hyped inflows

The Ethereum price correction has triggered heavy market liquidations, with roughly $409 million in Ethereum long positions liquidated.

Funding rates on ETH futures have also flashed negative recently, according to Coinglass data, adding to the momentum behind short‑term selling.

Institutional flows, especially on the Ethereum ETFs front, also paint a mixed picture, with some funds recording large inflows while others see significant outflows.

Notably, over the recent week, more than $560 million reportedly moved into ETH‑linked funds, with BlackRock‑led products among the largest recipients, even as REX‑Osprey launched the first US staking Ether ETF.

Ethereum price forecast

Views among market commentators diverge sharply, and long‑term bulls like Ted Pillows argue that ETH could ultimately trend well above $10,000 this cycle, though he anticipates a short‑term revisit to the $3,600–$3,800 area.

Most importantly, reclaiming the $4,083–$4,330 zone would ease bearish pressure and could open a path back to $5,000.

Conversely, a failure to hold critical supports would expose lower bands at $3,162 and $2,874, while the 200‑day EMA sits as a structural defence near $3,350.

The post Ethereum price at crossroads, tests key support at $3,800 as analysts point at possible rebound appeared first on CoinJournal.