The post Aster price continues to bleed as CEO responds appeared on BitcoinEthereumNews.com. Insider selling at Aster has become such a frequent complaint on socialThe post Aster price continues to bleed as CEO responds appeared on BitcoinEthereumNews.com. Insider selling at Aster has become such a frequent complaint on social

Aster price continues to bleed as CEO responds

3 min read

Insider selling at Aster has become such a frequent complaint on social media that its CEO had to slash airdrop marketing plans, modify its buyback mechanism, and swear insiders weren’t selling ahead of schedule.

Over the last three months, the price of its native token has declined twice as much as bitcoin and three times as much as HYPE, the native asset of its primary competitor, Hyperliquid.

Although the vast majority of digital assets decline in value as a general rule, Aster’s particularly egregious underperformance is salient given its financial backing and promotion by Changpeng Zhao (CZ), the billionaire founder of Binance.

CZ has been at the center of numerous controversies in recent days, suffering continued blame for Binance’s role in crypto liquidations and a flood of anti-Binance posts on social media.

Needless to say, fans of CZ, Binance, and Aster aren’t happy about Hyperliquid’s dramatic outperformance.

Aster’s CEO apologized for a languishing token price, but failed to stop upcoming supply pressure from his team’s token unlocks.

Aster token unlocks and insider selling will continue. Source: CoinMarketCap

Aster CEO tries to soften insider selling

Like Hyperliquid, Aster calls itself a decentralized exchange, despite operating under a CEO. Leonard, a pseudonym, runs Aster and responded to public outcry today.

In his post, Leonard admitted to the dismal price performance of Aster. “I want to acknowledge that we understand the frustration of many holders because of the recent price performance of Aster. We heard those feedbacks and are trying our best to reverse the trend.”

Unfortunately, that apology stopped short of ending, let alone reversing, his team’s insider vesting and selling schedule.

Read more: Is Aster just CZ taking Binance on-chain?

The Aster CEO went on to explain a reduction in airdrops of tokens to third-party communities, which have dubious efficacy as a marketing tactic relative to their inflationary pressure on existing Aster token holders. 

After all, a “free” airdrop has a cost — diluting prior investors. There’s no free lunch on Wall Street.

In addition, he admitted that Aster token buybacks have been somewhat unpredictable and difficult to independently verify on blockchain explorers. The CEO promised to enable daily buyback programs that “execute automatically from fees generated” by Aster’s crypto exchange.

CZ has repeatedly promoted Aster and is a minority investor in the project via his family office, YZi Labs. Aster uses BNB Chain, a blockchain founded by CZ’s Binance.

Got a tip? Send us an email securely via Protos Leaks. For more informed news, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.

Source: https://protos.com/aster-price-continues-to-bleed-as-ceo-responds/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Tom Lee’s BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion

Tom Lee’s BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion

The post Tom Lee’s BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion appeared on BitcoinEthereumNews.com. In brief Shares of BitMine Immersion
Share
BitcoinEthereumNews2026/02/06 04:47
Headwind Helps Best Wallet Token

Headwind Helps Best Wallet Token

The post Headwind Helps Best Wallet Token appeared on BitcoinEthereumNews.com. Google has announced the launch of a new open-source protocol called Agent Payments Protocol (AP2) in partnership with Coinbase, the Ethereum Foundation, and 60 other organizations. This allows AI agents to make payments on behalf of users using various methods such as real-time bank transfers, credit and debit cards, and, most importantly, stablecoins. Let’s explore in detail what this could mean for the broader cryptocurrency markets, and also highlight a presale crypto (Best Wallet Token) that could explode as a result of this development. Google’s Push for Stablecoins Agent Payments Protocol (AP2) uses digital contracts known as ‘Intent Mandates’ and ‘Verifiable Credentials’ to ensure that AI agents undertake only those payments authorized by the user. Mandates, by the way, are cryptographically signed, tamper-proof digital contracts that act as verifiable proof of a user’s instruction. For example, let’s say you instruct an AI agent to never spend more than $200 in a single transaction. This instruction is written into an Intent Mandate, which serves as a digital contract. Now, whenever the AI agent tries to make a payment, it must present this mandate as proof of authorization, which will then be verified via the AP2 protocol. Alongside this, Google has also launched the A2A x402 extension to accelerate support for the Web3 ecosystem. This production-ready solution enables agent-based crypto payments and will help reshape the growth of cryptocurrency integration within the AP2 protocol. Google’s inclusion of stablecoins in AP2 is a massive vote of confidence in dollar-pegged cryptocurrencies and a huge step toward making them a mainstream payment option. This widens stablecoin usage beyond trading and speculation, positioning them at the center of the consumption economy. The recent enactment of the GENIUS Act in the U.S. gives stablecoins more structure and legal support. Imagine paying for things like data crawls, per-task…
Share
BitcoinEthereumNews2025/09/18 01:27
European Blockchain Convention Drives Digital Finance Revival Amid 90% Blockchain Job Postings Decline

European Blockchain Convention Drives Digital Finance Revival Amid 90% Blockchain Job Postings Decline

The post European Blockchain Convention Drives Digital Finance Revival Amid 90% Blockchain Job Postings Decline appeared on BitcoinEthereumNews.com. This content is provided by a sponsor. PRESS RELEASE. Global leaders convene in Barcelona showcasing resilience as EU advances digital euro and fintech investment reaches €3.6bn in H1, 2025. Barcelona, Spain, September 22nd — The 11th European Blockchain Convention (EBC11) will gather global leaders in Barcelona on October 16-17 to challenge perceptions of European decline […] Source: https://news.bitcoin.com/european-blockchain-convention-drives-digital-finance-revival-amid-90-blockchain-job-postings-decline/
Share
BitcoinEthereumNews2025/09/23 07:16