Aster crypto drops 7.7% amid market weakness; Hyperliquid pressured by $700M token unlock and investor sell-off.

Aster crypto fell about 7.7% to around $0.62 on June 6, pressured by broader market declines and heavier selling. Binance founder CZ highlighted that Aster and Hyperliquid serve different trading needs, with Aster focusing on privacy and diverse asset deposits, while Hyperliquid offers transparency. Meanwhile, Hyperliquid faced added selling pressure after a scheduled $700 million token unlock increased circulating supply, and investor Arthur Hayes sold his entire HYPE holdings, pushing the token down 12% from its recent high. Traders are now watching if Aster can hold support above $0.60 and how Hyperliquid will perform amid increased supply and selling activity.