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While the crypto market continues its downward trajectory, Aster (ASTER) is defying the larger market trend. According to CoinGecko data, ASTER has rallied more than 10% in the last 24 hours. Despite the latest rally, the asset still glows red in the other time frames. ASTER’s price has dipped 6.8% in the last week, 14.4% in the 14-day charts, and 50.6% over the last month. Let’s discuss why the asset is rallying amid a market crash, and if the rally will continue. Source: CoinGecko Will ASTER’s Rally Sustain? Source: Watcher Guru Aster’s latest price surge comes after Binance founder Changpeng Zhao (CZ) took to X and stated that he bought some ASTER on the exchange. The move has likely led to a surge in inflows for the coin. CZ has been in the news over the last few days after receiving a pardon from President Trump. CZ was sued by authorities for allegedly not maintaining anti-money laundering practices. The Binance founder had to pay a penalty of $4.3 billion....

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According to cryptocurrency Analysis platform LookOnChain, a smart whale sold 2.66 million Popcat (POPCAT) at $1.36 per coin in the last 20 hours, making a profit of nearly $3.96 million. The wallet still holds 3.45 million tokens of the cat-themed meme coin, worth around $4.48 million. LookOnChain highlights that the trader has now purchased 30.22 million $GIGA tokens, worth around $1.45 million. Also Read: Meme Coin Miracle: Trader Turns $800 into $10 Million with Moo Deng This smart whale sold $POPCAT for profit and bought $GIGA! He sold 2.66M $POPCAT($3.61M) at $1.36 in the past 20 hours, leaving 3.45M $POPCAT($4.48M), with a profit of ~$3.96M! Then spent 1.45M $USDC to buy 30.22M $GIGA at $0.048.https://t.co/C0iUUqYMFM pic.twitter.com/jdeUf8bOg7 — Lookonchain (@lookonchain) October 8, 2024 Why Did The Cryptocurrency Trader Sell The Memecoins? POPCAT’s Price Performance The cat-themed meme coin hit an all-time high of $1.47 yesterday. The asset has since fallen by 16.7%...