AirSwap’s AST bucks bearish crypto market with 115% rally

From a price-action perspective, AST may attempt to retest its recent high of $0.071. A successful breakout above this level could open the door to a rally toward the next resistance at $0.095, which was last touched in April.

Whale accumulation appears to be a key catalyst driving the move. According to CoinMarketCap data, whales currently control 83.8% of ASTs circulating supply, a trend that retail traders often track for cues on institutional sentiment.

Concurrently, total AST balances on exchanges have dropped by over 21% in the past three months.

On the development front, the AirSwap team has also scheduled a community call on June 25 to discuss upcoming DAO-related initiatives. The announcement has stirred renewed engagement across the AirSwap ecosystem, which could sustain attention in the short term.

Despite the bullish setup, there remains a key risk for investors. According to data from CoinMarketCap, the top 10 holders currently control nearly 80% of the circulating supply. This high degree of concentration introduces a vulnerability to sudden sell-offs or price manipulation, which could create volatility in the absence of strong demand-side support.