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Following
IOTX 
MUBARAK 
AIN 
ASTER MUBARAK prices soared after a month of decline due to the launch of Aster DEX
MUBARAK has been falling for most of the past month, falling from about US$0.0124 in mid-July to recent lows, but has suddenly reversed in the past two days. The token is currently trading at approximately US$0.02017 and, according to market data, has risen 57.57% in the past month and 4.56% in the past 24 hours alone.
MUBARAK's price surge was almost synchronized with the news that a new perpetual contract was launched on Aster DEX, which seemed to be the main trigger for this sudden rise.
Why MUBARAK has fallen for several consecutive weeks
Judging from the monthly chart, MUBARAK has been sideways and lower from the end of July to the beginning of August. Most of its prices remain below US$0.015, lacking upward momentum. This trend suddenly changed around August 9 and 10, and prices soared sharply, breaking through the previous range, pushing the market value to approximately US$20.17 million. Volume reveals the truth: 24-hour trading volume reached $148.57 million, with a volume to market value ratio of 748%, a level that suggests a sudden influx of trading activity rather than an organic gradual buying.
MUBARAK's price surge originated from its launch?
The craze stems from Aster, a decentralized exchange that focuses on perpetual contracts, which announced on August 9 the launch of a new $MUBARAK perpetual contract with up to 5 times leverage. Aster officials directly named the $Mubarak team, and project partner Mubarak_cto responded that this was a transition from "meme coins to perpetual contracts" and described MUBARAK as entering "a larger arena." Aster usually confirms new launches through the X platform rather than blog posts, and this launch also conforms to this model.
What the launch of perpetual contracts means for MUBARAK
Launched perpetual contract futures trading rather than spot trading only, allowing the token to be leveraged and attracting a wider group of active traders. This typically has the following effects: increased short-term volatility (two-way); a surge in trading volume-which is exactly what MUBARAK has experienced; and increased visibility among derivatives traders who have not previously followed the token. MUBARAK currently has 26,250 holders, a fully liquid supply of 1 billion tokens, and a liquidity to market ratio of 8.38%, which is enough to absorb the surge in trading interest without an extreme price gap.
Other tokens launched by Aster during the same week
$Mubarak is not the only new member of the recent Aster perpetual contract series. During the same time period, Aster was also launched: $IOTX and $1000CAT-both launched as perpetual contracts on August 9, offering 5x leverage, the same day as $MUBARAK;$LYTE-a real-world asset (RWA)-related perpetual contract, linked to Roundhill Photonics & Optics, launched on August 8, offering 5x leverage; and $AIN-launched on August 7 with a $20,000 $ASTER reward from August 7 to 12. The speed of new launches suggests that Aster is actively expanding its perpetual contract market to meme coins, RWA-related assets and small altcoins in the same week.
Conclusion
The launch of Aster DEX is the clearest explanation for the recent surge in $MUBARAK prices, transforming a token that has been quietly devaluing for a month into one of the most dramatic reversals this week. Whether MUBARAK's price surge can be sustained will likely depend on whether trading volumes remain high after the initial launch boom fades.
