ASTER (Aster) fell 4.27% in the last 24 hours.

Gate News Bot news, on October 21, according to CoinMarketCap data, as of the time of writing, ASTER (Aster) is currently priced at $1.13, down 4.27% in the last 24 hours, with a high of $1.53 and a low of $1.03. The 24-hour volume reached $620 million. The current market capitalization is approximately $2.277 billion, a decrease of about $102 million compared to yesterday.

Aster is the next-generation decentralized exchange for perpetual contracts aimed at all traders. It offers decentralized perpetual contract trading with features such as multi-chain support, high liquidity, and security. Aster supports cross-chain trading without the need for bridging or switching, allowing users to choose one chain and trade. The platform provides deep liquidity, supports large transactions, and is equipped with advanced tools like hidden orders, offering users control, speed, and a competitive edge. Aster is suitable for both beginners and professional users, designed to provide a simplified and controllable trading experience.

Important news about ASTER recently:

1️⃣ Whales continue to sell off, suppressing prices A large whale address has recently been frequently transferring ASTER tokens to exchanges. This address has cumulatively deposited 58.6 million ASTER to exchanges, worth approximately 92.3 million USD. This large-scale token transfer behavior may increase selling pressure in the market and is one of the main factors leading to the fall in ASTER prices.

2️⃣ The impact of the third phase airdrop plan on the market Aster has launched Stage 3 (第三阶段) airdrop, with 2.5% of the total supply allocated for this stage, distributing 0.5% each epoch. The project team has updated the Rh Points calculation rules to balance the reward weights for different contribution types. This initiative aims to optimize fairness but may impact token distribution and user participation in the short term, thereby affecting market sentiment.

3️⃣ New trading pairs expand the platform ecosystem Aster has newly launched multiple trading pairs for mainstream tokens, including RECALL. This move expands the variety of trading options on the platform, which is expected to attract more users and increase volume, thereby enhancing the ecosystem value of ASTER. However, in the short term, this positive factor seems unable to offset the selling pressure.

From a technical perspective, the ASTER price has continued to fall in the past 24 hours, mainly affected by concentrated selling by large holders. Although the launch of the third phase airdrop plan and the addition of new trading pairs may bring some positive factors to the market, it seems that they have not yet managed to reverse the downward trend.

This message is not intended as investment advice; investors should be aware of market volatility risks.