Binance’s Listing of Aster Amid Allegations of Wash Trading
Binance has recently made an announcement regarding the listing of Aster, a decentralized exchange project. The official statement revealed that trading for the token will commence on October 6, 2025, at 12:00 UTC, with three new spot trading pairs available: ASTER/USDT, ASTER/USDC, and ASTER/TRY.
Users will have the option to start depositing ASTER (ASTER) tokens from 09:00 UTC on the same day, while withdrawals will be enabled 24 hours later, at 12:00 UTC on October 7.
However, this listing by Binance comes amidst allegations of wash trading surrounding the decentralized exchange. Wash trading is a practice where fake trades are used to inflate market metrics. The application of a “Seed Tag” to the token calls has added to the concerns, indicating that the token is viewed as high-risk by the exchange, possibly due to volatility, low liquidity, or the ongoing allegations.
As part of the listing announcement, Binance has advised users to conduct their own research before engaging in trades outside of the platform to avoid any potential scams and ensure the safety of their funds.
The price of Aster experienced a temporary setback following an announcement by DeFiLlama, an analytics platform, to delist the platform’s perpetual futures data due to suspicious trading behavior. Allegations of wash trading were raised by DeFiLlama co-founder 0xngmi, citing a 1:1 mirror of Binance’s volumes on the XRP/USDT and ETH/USDT pairs. This led to a temporary sell-off, causing the token’s price to drop by 10% to $1.80. However, the token has since rebounded to around $2.00, posting a 3.9% gain in the past 24 hours.
While concrete evidence of wash trading by Aster has not been presented, the application of the seed tag by Binance serves as a precautionary measure to alert users about potential risks associated with newly listed DEX tokens.
Overall, Binance’s listing of Aster marks a significant development for the decentralized exchange project, and users are advised to exercise caution and conduct thorough research before engaging in trading activities.