ASTER (Aster) fell 9.90% in the last 24 hours.

Gate News Bot news, on October 16, according to CoinMarketCap data, as of the time of writing, ASTER (Aster) is currently priced at $1.32, down 9.90% in the last 24 hours, with a high of $1.83 and a low of $1.17. The 24-hour trading volume reached $1.078 billion. The current market capitalization is approximately $2.659 billion, a decrease of about $292 million compared to yesterday.

Aster is a 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 is designed for both novice and professional traders, allowing users to trade in a non-custodial manner and maintain full control over their assets. The platform provides advanced tools such as hidden orders, giving users control, speed, and a competitive edge. Aster also supports trading U.S. stocks with up to 100x leverage using cryptocurrencies, without the need for bridging.

Recent important news about ASTER:

1️⃣ Large-scale token transfer to exchange An address that has accumulated approximately 64.53 million ASTER through Gate has transferred 8.22 million ASTER (worth about 11.46 million USD) to the exchange again in the past 10 hours. As of now, this address has cumulatively transferred 49.03 million ASTER (about 79.72 million USD) to the exchange, and still holds 15.5 million ASTER (about 20.05 million USD) on-chain. This ongoing large-scale transfer behavior may impact the market supply and demand balance, increasing short-term selling pressure.

2️⃣ The third phase of the airdrop plan has been launched Aster has launched Stage 3 airdrop, with 2.5% of the total supply allocated for this stage, distributing 0.5% per epoch. The project team updated the Rh Points calculation rules on October 14 at 16:00 UTC to balance the reward weight for different types of contributions. This initiative aims to optimize fairness and may impact token distribution and user participation in the short term.

3️⃣ Newly Added RECALL Trading Pair Aster has added the RECALL trading pair. This move expands the range of trading products on the platform, which is expected to attract more users and increase volume, thereby enhancing the value of the ASTER ecosystem.

From a technical perspective, the ASTER price has experienced a significant fall in the past 24 hours, likely related to a large number of tokens being transferred to exchanges, increasing market selling pressure. However, the launch of the third phase airdrop and the addition of new trading pairs may bring certain positive factors for ASTER, which is expected to support its value in the medium to long term.

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