ASTER (Aster) has pumped 8.41% in the last 24 hours, reaching a high of $1.59.

Gate News Bot news, on October 20, according to CoinMarketCap, as of the time of publication, ASTER (Aster) is currently priced at 1.24 USD, with a rise of 8.41% in the last 24 hours, reaching a high of 1.59 USD and a low of 1.11 USD. The 24-hour volume has reached 652 million USD. The current market capitalization is approximately 2.499 billion USD, an increase of 194 million USD from yesterday. Currently, ASTER ranks 40th in the global crypto assets market capitalization.

Aster is a next-generation decentralized exchange for perpetual contracts aimed at all traders. It offers decentralized perpetual contract trading, supports multiple chains, and is highly liquid and secure. Whether you are a newcomer to Crypto Assets or an experienced professional, you can engage in non-custodial trading while maintaining full control over your assets. Aster also provides a hidden order feature, allowing users to place limit orders that are completely hidden from the public order book, with neither the order size nor direction being displayed. Additionally, Aster supports trading U.S. stocks with leverage of up to 100 times, fully settled in Crypto Assets without the need for bridging.

Important news about ASTER recently:

1️⃣ Gate Alpha launches the 76th phase of the points airdrop Gate Alpha will launch the 76th phase of the ASTER points airdrop on October 19 at 18:00 (UTC+8). This airdrop adopts a tiered model with high and low levels; users holding 120-159 points can receive 5 ASTER, while those holding 160 points and above can receive 25 ASTER. This activity may attract more users to participate in the Gate Alpha ecosystem, indirectly increasing the demand and exposure of ASTER.

2️⃣ Aster team repurchases some tokens from early investors The Aster team has repurchased a portion of the token shares from KOL round and media round investors at a 5% discount, including parts that are currently and will be unlocked in the future. This move is expected to alleviate the potential selling pressure on ASTER and may provide support for the price in the short term. However, similar large-scale repurchase operations have also sparked controversy in other projects, and investors should remain vigilant.

3️⃣ Points Trading Rules Update Aster has updated the Stage 3 trading points calculation rules, now including spot and perpetual contract trading volume, with points updated hourly based on total fees. At the same time, fraudulent activities such as volume manipulation are strictly prohibited, and violating accounts may have their points adjusted, frozen, or revoked. This measure aims to optimize the reward mechanism, encourage genuine trading, and may promote the long-term healthy development of the platform.

From a technical perspective, ASTER has rebounded after a significant correction, with a rise of over 8% in 24 hours. The team's buyback actions may have boosted market confidence, while point airdrops and rule optimizations are expected to attract more users to participate, providing support for the price. However, considering the recent significant market fluctuations, investors should remain cautious about potential risks.

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