CZ's Consulting Altcoin Experiences Sharp Decline in Price

In recent days, significant developments have been taking place in the cryptocurrency world. The decentralized derivatives exchange Aster (ASTER) observed approximately a 10% drop in its token price immediately after the DefiLlama data platform removed its trading volume from the system. This situation drew the attention of investors and raised questions about Aster's future.

Following this setback over the weekend, Aster was further shaken by statements made by 0xngmi, the founder of DefiLlama. Aster came into the limelight due to suspicions of wash trading, or artificially creating trading volume, as the graphics shared by the founder showed that the trading volumes with Binance nearly matched each other. This situation led investors to question Aster's trading volumes and resulted in a loss of confidence.

In his statement, 0xngmi expressed serious concerns about the reliability of Aster's trading volume. He emphasized that the data analysis from Aster was of low quality, making it impossible to verify the real volumes. On the other hand, among Aster's advisors is Changpeng “CZ” Zhao, the founder of Binance, who left Binance in accordance with an agreement made with the U.S. Department of Justice in 2023. 0xngmi also specifically noted that he did not have any position in ASTER or HYPE.

Before DefiLlama's move, Aster was at the top of the platform in terms of current trading fees and volume. However, the similarities seen in trading volume with Binance seem to have undermined investor confidence. During this process, there is curiosity about how Aster's price will move and what levels will be significant for investors. In particular, critical price levels and data that investors need to pay attention to are gaining more importance.