Altcoin rises by 7,950 percent – competition for Hyperliquid?

The ASTER token (ASTER) of the decentralized trading platform of the same name has seen a price increase of over 7,950 percent since its launch on September 17.
During the same period, competitor Hyperliquid (HYPE) recorded a decline of around 21 percent.
With a market capitalization of $3.43 billion, ASTER currently ranks 36th among the largest cryptocurrencies. HYPE has a valuation of $14.4 billion.
If ASTER were to reach this valuation, the price per token would be around $8.73 instead of the current $2. The price would have to rise by around 320 percent.
Analyst Danny stated that ASTER could surpass HYPE's market capitalization as early as next week, predicting a potential valuation of between $8 billion and $10 billion, based on an ongoing airdrop campaign until October 5 and a 4 percent token unlock on October 17, which should stimulate additional trading activity.
The positive price trend is supported by noticeable whale activity. On Monday, a large investor sold $9 million worth of HYPE tokens and exchanged this amount for ASTER. Data from Lookonchain also shows that another large investor has invested more than $75 million in ASTER in the past two days.

This mystery whale just withdrew another 9M $ASTER($20.7M) from #Gateio.

In less than 2 days, he bought a total of 33M $ASTER($75.57M).https://t.co/mdfTrghNtphttps://t.co/z9gGJM8yOF pic.twitter.com/NMdFlq9zVX

— Lookonchain (@lookonchain) September 24, 2025

At the same time, ASTER now has higher daily trading volumes than HYPE.
Important to note: New coins and tokens quickly spark hype in the market and lead to FOMO. Many investors get burned as a result – and lose their money if the price doesn't react as expected. The best example: Pi Network (PI).
Read about Binance founder CZ's role in ASTER here: Aster is gaining momentum: The next hyperliquid?

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