MrBeast’s $1.28 mln bet on Aster – YouTuber’s smart move or risky play?

Key Takeaways

What might be fueling MrBeast’s confidence in Aster?

Aster’s trading revenues have skyrocketed, reportedly outpacing rival Hyperliquid by ten times. In one 24-hour period, the project raked in $14.3 million in fees, placing it second only to Tether.

How consistent has Aster’s revenue dominance been?

It isn’t just a one-off spike. A week earlier, Aster generated $10 million in daily revenue compared to Hyperliquid’s $3 million, showing repeated outperformance.

Aster has found itself in the spotlight again, this time thanks to YouTube superstar MrBeast, who appears to be doubling down on his bet.

MrBeast doubles down in Aster

Fresh on-chain data from Lookonchain showed that the creator snapped up another 167,436 ASTER tokens, worth about $320,000, adding to the 538,000 tokens he picked up just days earlier.

With his total investment now crossing $1.28 million at an average price of $1.87, the pattern pointed to a deliberate accumulation strategy rather than a casual buy.

If looked from the performance front, Aster has been making a strong case for itself in the DeFi arena.

According to DeFiLlama, the DEX token raked in $14.3 million in trading fees within a single 24-hour period, placing it second only to Tether [USDT] on the global leaderboard, and ahead of heavyweights like Circle [USDC] and Uniswap [UNI].

For perspective, this revenue was nearly ten times higher than Hyperliquid’s $1.17 million during the same stretch.