CZ was mad about Hyperliquid and other Perp DEX driving out liquidity and volume out from his Binance CEX.
So 6 months ago he funded some devs to build Aster for Binance ecosystem and be the main competitor for Hyperliquid.
I knew that he is creating artificial pump (97% team, VC wallet concentration of $ASTER) and faking volume now it's more obvious as one of the big data aggregators Defillama delisted it form Perp DEX tracking boards and no more monitoring the faked volumes.
Defillama dev 0xngmi is hiring @0xngmi (on X) claimed and proved that they are faking volumes (I knew they have been doing the same wash trading on Binance DEX, on Pancake Swap and many more major BSC DeFi products.
It's so obvious that CZ (Changpeng Zhao) and his companions are one of the biggest enemies for Decentralization, all they know is manipulate the market just to create a monopoly within the crypto.
Quote from X (prev. Twitter) @0xngmi :
"We've been investigating aster volumes and recently their volumes have started mirroring binance perp volumes almost exactly
Chart on the left is XRPUSDT on aster, you can see the volume ratio vs binance is ~1
Chart on the right is XRP perp volume on hyperliquid, where there's some decorrelation
Aster doesn't make it possible to get lower level data such as who is making and filling orders, so until we can get that data to verify if there's washtrading, aster perp volumes will be delisted"
Source: https://x.com/0xngmi/status/1974801402456051868
