Company Managing Billions of Dollars May Be Accumulating This Altcoin According to Onchain Data

The activity of Galaxy Digital-linked addresses in the ASTER altcoin is noteworthy.

According to onchain analytics platforms, an address associated with Galaxy Digital withdrew an additional 13 million ASTER tokens from exchanges in the last 24 hours. This amount corresponds to approximately $29.12 million at current prices.

With the latest transaction, this address’s total ASTER holdings have reached 46 million. The total market capitalization of the tokens is approximately $103 million. On-chain data reveals that this address alone holds 2.77% of ASTER’s circulating supply. This ratio indicates that a significant portion of the market supply is concentrated in a single hand.

A similar accumulation move was made by another whale, or institutional investor. According to on-chain analysts, the address in question increased its holdings by withdrawing an additional 13 million ASTER tokens from the Gate exchange. This transaction was valued at approximately $29.12 million. This address’s total balance reached 46 million ASTER, bringing the value of its tokens to $103 million.

*This is not investment advice.

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