Aster (ASTER), a decentralized perpetuals exchange, has been making headlines with its surging trading volume and rapid price growth. It has even secured the top spot as the most trending coin on CoinGecko today.
However, its rise has not been without criticism, with one expert accusing the project of following a ‘crime-ponzi playbook.’
Is Aster (ASTER) a Scam?
Sponsored
The ASTER token had its token generation event (TGE) this month, attracting early support from Binance founder Changpeng Zhao. Since its debut, it has posted impressive gains, climbing to an all-time high of $2.41 yesterday.
The Aster platform has emerged as one of the top six decentralized exchanges by trading volume, surpassing Hyperliquid.
Despite the impressive growth, not everyone is convinced of Aster’s potential. In a detailed post on X (formerly Twitter), Simon Dedic, founder of Mooonrock Capital, outlined several reasons for doubting Aster.
“ASTER is following the crime-ponzi playbook to perfection,” Dedic wrote.
Dedic’s analysis identifies seven key steps he claims mirror the tactics of a Ponzi scheme. First, argued that Aster’s product is not fundamentally new, but rather a copy of existing decentralized exchange models with proven market fit.
Second, Dedic alleged that the project distributed a significant portion of its token supply to influential Key Opinion Leaders (KOLs) and insider groups. This was done to generate hype and secure buy pressure.
Go to Source to See Full Article
Author: Kamina Bashir
