ASTER (Aster) fell 15.82% in the last 24 hours.

Gate News Bot news, on October 10, according to CoinMarketCap data, as of the time of writing, ASTER (Aster) is currently priced at $1.58, having fallen 15.82% in the last 24 hours, with a high of $2.27 and a low of $1.53, and a 24-hour volume of $1.598 billion. The current market capitalization is approximately $2.679 billion, a decrease of about $503 million compared to yesterday.

Aster is the next-generation decentralized exchange for perpetual contracts aimed at all traders. It offers decentralized perpetual contract trading, supporting multi-chain, high liquidity, and security. Aster has created non-custodial trading for both beginners and professionals, allowing users to maintain complete control over their assets while trading. The platform provides hidden order functionality, allowing users to place limit orders without displaying them on the public order book. Additionally, Aster supports trading US stocks with up to 100x leverage, settled entirely in cryptocurrency without the need for bridging.

Important news about ASTER recently:

1️⃣ A large number of ASTER has been transferred to centralized exchanges Recently, a large holding address transferred a significant amount of ASTER to centralized exchanges. An address that previously accumulated 64.535 million ASTER through Gate transferred out 6.1 million ASTER (approximately 12.07 million USD) to a certain centralized exchange in the past two hours. Since ASTER was listed on the spot market of this exchange, this address has cumulatively transferred in 12.961 million ASTER (approximately 26.23 million USD). The average price at which this address accumulated ASTER from Gate was about 1.61 USD, while the average price for the transfer to the exchange was 2.02 USD. Currently, it still holds 51.574 million ASTER (approximately 98.51 million USD).

2️⃣ Aster Phase Two Airdrop Qualification Check is About to Open Aster announced that the second phase airdrop inspection page will go live on October 10 at 21:00 (UTC+8), allowing for eligibility inquiries. In addition, Aster stated that it has increased the flexibility for users to claim Genesis phase 2 (S2) rewards: users can choose to receive ASTER airdrops as usual or fully refund S2 transaction fees, treating it as a zero-fee trading activity. This initiative aims to provide users with more options and may affect the token circulation in the short term.

3️⃣ Well-known investors are closing positions in ASTER on a large scale Big Brother Ma Ji, Huang Li Cheng, closed his positions in ASTER and several other tokens 7 hours ago, realizing a loss of 21.53 million dollars. Over the past 20 days, he has given back a total of 40 million dollars in profits. This large-scale liquidation may have a significant impact on the market price of ASTER, increasing the selling pressure in the short term.

The price of ASTER has recently fallen sharply, which may be related to the factors mentioned above. A large number of tokens being transferred to centralized exchanges and well-known investors closing their positions may increase short-term selling pressure, while the upcoming opportunity for short position inquiries may trigger market expectations for an increase in future token supply. Investors need to closely monitor subsequent developments and weigh the risks.

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