Ive been holding $BNB spot in size during 2025. More than doubled the large bag. Reduced size here, took out more than half, as $BNB has hit my third target range ($1.3k-$1.5k) earlier than expected.
This was the free-est trade in 2025.
$BNB / USD (3D)
I posted about Binance coin before. Repeating because some trades just make sense and a $BNB spot long is one of those
Should go above $1k pretty soon
.@cz_binance I think you need to step in and actually fulfill your advisor role at @Aster_DEX, because right now the community feels betrayed. (cc @Leonard_Aster)
TL;DR: With your public support, Asterdex launched an airdrop scheme that enriched only the team while draining its users.
The headlines like “Asterdex flipped Tether in 24h revenues” or “Asterdex flipped Hyperliquid in trading volumes” happened only because of the ongoing airdrop scheme. In reality, this has meant:
- The community burning millions in fees in a very ambiguous airdrop process
- The team behind Asterdex making >$120M in revenues in 30d
- Significant majority of users ending up with rewards that don’t even cover their fees
From the outside, this doesn’t look like an airdrop. It looks like extraction.
The Aster Points Program (4% of supply over 4 weeks) attracted huge attention after your comparisons with Hyperliquid. But the setup maximized trading volumes while creating serious problems:
- RH point accounting has been inconsistent and unclear
- Rewards for 90%+ users are far smaller than the fees they paid
- People traded for a week under false assumptions, only to see points slashed after the epoch ended (last day Epoche 3)
- Don't make comparisons with HyperLiquid if you can't fulfill what the community expects. The community expects: a fair airdrop, a working platform, a clear airdrop scheme. The community DID NOT expect to participate in a scheme where after spending time and capital it turns out they will receive peanuts because Asterdex fails in 1) clear communication/rules 2) disqualifying wash traders
We believe this can be fixed, but urgent steps are needed:
- The airdrop supply should be raised to properly compensate real traders
- All wash-trading wallets need to be publicly disqualified (as a team of Algo traders we can assist in detection, DM. Already did a Thread on it, see below)
At the moment, Asterdex has left a bitter taste for >99% of users. Without correction, there’s no way it can be more than temporary hype.
The current hype is short-lived. Real value is what builders and communities want. https://t.co/89QO1g9aNA
.@cz_binance I think you need to step in and actually fulfill your advisor role at @Aster_DEX, because right now the community feels betrayed. (cc @Leonard_Aster)
TL;DR: With your public support, Asterdex launched an airdrop scheme that enriched only the team while draining its users.
The headlines like “Asterdex flipped Tether in 24h revenues” or “Asterdex flipped Hyperliquid in trading volumes” happened only because of the ongoing airdrop scheme. In reality, this has meant:
- The community burning millions in fees in a very ambiguous airdrop process
- The team behind Asterdex making >$120M in revenues in 30d
- Significant majority of users ending up with rewards that don’t even cover their fees
From the outside, this doesn’t look like an airdrop. It looks like extraction.
The Aster Points Program (4% of supply over 4 weeks) attracted huge attention after your comparisons with Hyperliquid. But the setup maximized trading volumes while creating serious problems:
- RH point accounting has been inconsistent and unclear
- Rewards for 90%+ users are far smaller than the fees they paid
- People traded for a week under false assumptions, only to see points slashed after the epoch ended (last day Epoche 3)
- Don't make comparisons with HyperLiquid if you can't fulfill what the community expects. The community expects: a fair airdrop, a working platform, a clear airdrop scheme. The community DID NOT expect to participate in a scheme where after spending time and capital it turns out they will receive peanuts because Asterdex fails in 1) clear communication/rules 2) disqualifying wash traders
We believe this can be fixed, but urgent steps are needed:
- The airdrop supply should be raised to properly compensate real traders
- All wash-trading wallets need to be publicly disqualified (as a team of Algo traders we can assist in detection, DM. Already did a Thread on it, see below)
At the moment, Asterdex has left a bitter taste for >99% of users. Without correction, there’s no way it can be more than temporary hype.
The current hype is short-lived. Real value is what builders and communities want. https://t.co/89QO1g9aNA
@asparagoid You have been relentlessly shilling ASTER the past few weeks.
You seem rather silent now, when the $aster community seems to be demanding answers about the airdrop.
Are you even in the Discord?
https://t.co/Zs5MNYSnx1
.@cz_binance I think you need to step in and actually fulfill your advisor role at @Aster_DEX, because right now the community feels betrayed. (cc @Leonard_Aster)
TL;DR: With your public support, Asterdex launched an airdrop scheme that enriched only the team while draining its users.
The headlines like “Asterdex flipped Tether in 24h revenues” or “Asterdex flipped Hyperliquid in trading volumes” happened only because of the ongoing airdrop scheme. In reality, this has meant:
- The community burning millions in fees in a very ambiguous airdrop process
- The team behind Asterdex making >$120M in revenues in 30d
- Significant majority of users ending up with rewards that don’t even cover their fees
From the outside, this doesn’t look like an airdrop. It looks like extraction.
The Aster Points Program (4% of supply over 4 weeks) attracted huge attention after your comparisons with Hyperliquid. But the setup maximized trading volumes while creating serious problems:
- RH point accounting has been inconsistent and unclear
- Rewards for 90%+ users are far smaller than the fees they paid
- People traded for a week under false assumptions, only to see points slashed after the epoch ended (last day Epoche 3)
- Don't make comparisons with HyperLiquid if you can't fulfill what the community expects. The community expects: a fair airdrop, a working platform, a clear airdrop scheme. The community DID NOT expect to participate in a scheme where after spending time and capital it turns out they will receive peanuts because Asterdex fails in 1) clear communication/rules 2) disqualifying wash traders
We believe this can be fixed, but urgent steps are needed:
- The airdrop supply should be raised to properly compensate real traders
- All wash-trading wallets need to be publicly disqualified (as a team of Algo traders we can assist in detection, DM. Already did a Thread on it, see below)
At the moment, Asterdex has left a bitter taste for >99% of users. Without correction, there’s no way it can be more than temporary hype.
The current hype is short-lived. Real value is what builders and communities want. https://t.co/89QO1g9aNA
.@cz_binance I think you need to step in and actually fulfill your advisor role at @Aster_DEX, because right now the community feels betrayed. (cc @Leonard_Aster)
TL;DR: With your public support, Asterdex launched an airdrop scheme that enriched only the team while draining its users.
The headlines like “Asterdex flipped Tether in 24h revenues” or “Asterdex flipped Hyperliquid in trading volumes” happened only because of the ongoing airdrop scheme. In reality, this has meant:
- The community burning millions in fees in a very ambiguous airdrop process
- The team behind Asterdex making >$120M in revenues in 30d
- Significant majority of users ending up with rewards that don’t even cover their fees
From the outside, this doesn’t look like an airdrop. It looks like extraction.
The Aster Points Program (4% of supply over 4 weeks) attracted huge attention after your comparisons with Hyperliquid. But the setup maximized trading volumes while creating serious problems:
- RH point accounting has been inconsistent and unclear
- Rewards for 90%+ users are far smaller than the fees they paid
- People traded for a week under false assumptions, only to see points slashed after the epoch ended (last day Epoche 3)
- Don't make comparisons with HyperLiquid if you can't fulfill what the community expects. The community expects: a fair airdrop, a working platform, a clear airdrop scheme. The community DID NOT expect to participate in a scheme where after spending time and capital it turns out they will receive peanuts because Asterdex fails in 1) clear communication/rules 2) disqualifying wash traders
We believe this can be fixed, but urgent steps are needed:
- The airdrop supply should be raised to properly compensate real traders
- All wash-trading wallets need to be publicly disqualified (as a team of Algo traders we can assist in detection, DM. Already did a Thread on it, see below)
At the moment, Asterdex has left a bitter taste for >99% of users. Without correction, there’s no way it can be more than temporary hype.
The current hype is short-lived. Real value is what builders and communities want. https://t.co/89QO1g9aNA
.@cz_binance I think you need to step in and actually fulfill your advisor role at @Aster_DEX, because right now the community feels betrayed. (cc @Leonard_Aster)
TL;DR: With your public support, Asterdex launched an airdrop scheme that enriched only the team while draining its users.
The headlines like “Asterdex flipped Tether in 24h revenues” or “Asterdex flipped Hyperliquid in trading volumes” happened only because of the ongoing airdrop scheme. In reality, this has meant:
- The community burning millions in fees in a very ambiguous airdrop process
- The team behind Asterdex making >$120M in revenues in 30d
- Significant majority of users ending up with rewards that don’t even cover their fees
From the outside, this doesn’t look like an airdrop. It looks like extraction.
The Aster Points Program (4% of supply over 4 weeks) attracted huge attention after your comparisons with Hyperliquid. But the setup maximized trading volumes while creating serious problems:
- RH point accounting has been inconsistent and unclear
- Rewards for 90%+ users are far smaller than the fees they paid
- People traded for a week under false assumptions, only to see points slashed after the epoch ended (last day Epoche 3)
- Don't make comparisons with HyperLiquid if you can't fulfill what the community expects. The community expects: a fair airdrop, a working platform, a clear airdrop scheme. The community DID NOT expect to participate in a scheme where after spending time and capital it turns out they will receive peanuts because Asterdex fails in 1) clear communication/rules 2) disqualifying wash traders
We believe this can be fixed, but urgent steps are needed:
- The airdrop supply should be raised to properly compensate real traders
- All wash-trading wallets need to be publicly disqualified (as a team of Algo traders we can assist in detection, DM. Already did a Thread on it, see below)
At the moment, Asterdex has left a bitter taste for >99% of users. Without correction, there’s no way it can be more than temporary hype.
The current hype is short-lived. Real value is what builders and communities want. https://t.co/89QO1g9aNA
@Aster_DEX You're not going to comment on any of the wash trading going on, but instead say the top trader is getting 0.9% allocated?https://t.co/xYwffJlkFz
We LOVE @Aster_DEX and $aster.. (1/11)
We’re a team of algo traders, providing liquidity across exchanges (on + off-chain). We’re bullish on Asterdex. It’s good for the ecosystem.
But the airdrop has a serious issue. It needs fixing to stay fair.
🧵
We LOVE @Aster_DEX and $aster.. (1/11)
We’re a team of algo traders, providing liquidity across exchanges (on + off-chain). We’re bullish on Asterdex. It’s good for the ecosystem.
But the airdrop has a serious issue. It needs fixing to stay fair.
🧵
Disclaimer: We’re experienced algo traders with years in high-frequency trading. This uses only public data, so may be imperfect. Asterdex will surely do a better job.
They also have account-level info we can’t see, which would reveal more.
@Aster_DEX team, DMs are open.
We LOVE @Aster_DEX and $aster.. (1/11)
We’re a team of algo traders, providing liquidity across exchanges (on + off-chain). We’re bullish on Asterdex. It’s good for the ecosystem.
But the airdrop has a serious issue. It needs fixing to stay fair.
🧵
We’re bullish on Asterdex.
We want the airdrop to be fair.
If this isn’t addressed, airdrop rewards will be dominated by bad actors, not true liq. providers. Bad for the coin price, the project, and the entire ecosystem.
We’ll keep trading by the rules.
But this needs fixing.