ASTER (Aster) 24-hour pump 0.24%

Gate News Bot News, on October 27, according to CoinMarketCap data, as of the time of writing, ASTER (Aster) is currently priced at $1.15, with a rise of 0.24% in the past 24 hours, reaching a high of $1.26 and a low of $0.94. The current market capitalization is approximately $2.33 billion, an increase of $5.52 million from yesterday.

Aster is the next generation decentralized exchange for all traders, focusing on perpetual contracts. The platform offers cross-chain trading functionality without the need for bridging or switching; users simply select a chain and trade. Aster has deep liquidity, supports large trades, and provides advanced tools such as hidden orders. Whether you are a novice or a professional trader, you can enjoy a smooth experience designed for clarity and control.

Important news about ASTER recently:

1️⃣ S3 Fee Allocation Plan Announced The Aster plan intends to use 70-80% of the S3 fees for ASTER buybacks, with the specific allocation depending on market conditions. This initiative aims to support the value of the ASTER token while maintaining operational flexibility for the project. The final outcome will be announced after the conclusion of S3, which may influence investors' expectations of the long-term value of ASTER.

2️⃣ Rocket Launch event starts Aster has launched a new feature called Rocket Launch, with the decentralized oracle project APRO as the first to go live. The event lasts for two weeks and the prize pool includes rewards worth $200,000 in ASTER and additional AT tokens. This event is expected to attract more users to participate in the Aster ecosystem, increasing platform activity and demand for ASTER tokens.

3️⃣ Large capital inflows attract attention Recently, multiple large transfers of ASTER tokens have been observed. Three new wallets have cumulatively withdrawn 4.66 million ASTER from the exchange within 8 hours, amounting to approximately $4.79 million, with an average entry price of $1.02. Such a scale of capital flow may affect the short-term supply and demand balance in the market and is one of the important factors influencing ASTER price fluctuations.

From a technical perspective, ASTER has seen a slight rebound after previous fluctuations, with a 24-hour rise of 0.24%. The introduction of the S3 fee distribution plan and the Rocket Launch event may have boosted market sentiment, while large fund movements add uncertainty to price trends. However, considering the high volatility of the cryptocurrency market, investors still need to closely monitor potential risks.

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