A key whale just deposited $1 million USDC, significantly boosting its STER position just before the massive Stage 4 airdrop. A significant cryptocurrency investor recently amplified their faith in the STER token. This action was to take place just hours before the much-anticipated Stage 4 airdrop event. According to Lookonchain data, the deposit was for a large amount of $1 million in USD Coin (USDC). This strategic move has immediately attracted the attention of the entire market. Whale’s Strategic Investment Signals Bullish Sentiment The deposit considerably increased the current long position of the whale. Their total is currently 2. 3 million dollars aster tokens. This entire holding is currently valued at about $2. 86 million. As a result, in just 24 hours, the token has experienced an almost eight percent increase in price. This momentum has quickly catapulted the DEX’s total trading volume to be close to $2 billion. The blockchain monitor Lookonchain confirmed this important transaction online. Indeed, on November 17, they clearly revealed that wallet 0x6834 had made a very large deposit. This particular whale has already maintained a strong long position for 38 days in a row. Furthermore, the current position makes use of 2x leverage for increased overall stakes. Related Reading: ASTER News: ASTER Price Jumps 10% to $1. 26 After Key $1 Support Retest | Live Bitcoin News This particular action is considered by many traders to be an important potential market indicator. Therefore, it implies calculated accumulation or being bold in taking risks. This happens amidst the current generalising crypto-bear environment. The amount of leverage used leaves a liquidation price of $1. 45. However, this still leaves enough breathing room in a volatile trading market. The decentralized perpetual exchange, Aster, is currently gearing up for its major airdrop. This Stage 4 event is referred to as the Harvest distribution. In addition, the platform is holding a gigantic $10 million trading competition. This large-scale competition will be running alongside the airdrop rewards scheduled to be implemented. The airdrop itself contains a reward pool of 1. 5% of the total supply of tokens. This pool is close to 120 million STER tokens in total. Specifically, this is a rather large reward that will be distributed across six distinct weekly epochs. The “Double Harvest” competition included for this is a set of 5 weekly leaderboards for trading. ASTER Token Continues to Draw Major Investor Interest The latest whale activity follows a history of very significant investments. For example, in October, a single large whale purchased $5M worth of ASTER tokens. Another official report from November 10 revealed whales added some 4. 93 million tokens in total. This earlier acquisition had a value of $5. 52 million at the time of purchase. Earlier in September, another large player made an enormous $74. 58 million purchase. Clearly, there is a lot of speculation about future price surges based on these frequent and visible transactions. The performance of the token has been strong and has successfully portrayed this sustained confidence among the big investors. The STER token is also notable for breaking a new all-time high record of $2. 12 in late September. This important high followed a period in which it was able to outperform its competitor, Hyperliquid, in total revenue. Moreover, one of the most important Binance listing announcements in October also helped to further boost the token’s market price. Management also recently postponed some scheduled unlocks of tokens. These future distributions are now officially between 2026-2035. Consequently, the move was successful to help curb immediate sell pressure on the wider market. The announcement contributed directly to a striking ten percent increase in the existing price.
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