Binance to List Aster Amid Wash Trading Allegations
Binance has announced plans to list Aster on its platform, marking a significant step forward for the decentralized exchange project. According to the official statement, trading with the token will be available on October 6, 2025, at 12:00 p.m. UTC, with three new spot trading pairs: Aster/USDT, Aster/USDC, and Aster/BUSD.
Listing Details and Precautions
Users can start depositing Aster (ASTR) tokens on the same day, from 9:00 a.m. UTC, while withdrawals will be activated 24 hours later, on October 7, at 12:00 p.m. UTC. However, Binance has issued a standard warning to users, advising them to conduct their own research before placing trades outside of the platform “to avoid fraud and ensure the security of the funds.” This warning is particularly relevant given the recent allegations of wash trading surrounding the decentralized exchange.
The application of a “seed tag” by the exchange on the token calls has added to concerns, indicating that Binance sees the token as high-risk, likely due to volatility, low liquidity, or ongoing allegations. As part of the listing announcement, Binance emphasized the importance of caution and diligence when trading newly listed tokens.
Aster Price Recovers After Defillama Incident
The listing announcement comes after Defillama, an analysis platform, decided to remove the platform’s perpetual futures data from its platform, citing suspicious trading behavior. According to Defillama co-founder 0xngmi, the XRP/USDT and ETH/USDT pairs on Binance’s platform showed unusual activity, triggering allegations of wash trading within the community.
Although spot and TVL data for Aster remain live on Defillama, the move triggered a temporary sell-off, reducing the price of the native token by 10% to $1.80. Since then, the token has recovered to around $2.00, achieving a 3.9% gain in the last 24 hours, according to Crypto News.
While there is no direct evidence implicating Aster in wash trading, the Seed Day application reflects Binance’s efforts to proactively warn users of the risks often associated with newly listed DeX tokens. As the cryptocurrency market continues to evolve, it is essential for users to remain vigilant and conduct thorough research before engaging in any trades.
For more information on the listing and the ongoing developments surrounding Aster, please visit https://crypto.news/binance-to-list-aster-amid-wash-trading-allegations/
