ASTER (Aster) fell 5.58% in the last 24 hours.

Gate News Bot news, on October 28, according to CoinMarketCap data, as of the time of writing, ASTER (Aster) is currently priced at $1.07, with a 5.58% fall in the last 24 hours, reaching a high of $1.21 and a low of $0.94. The 24-hour volume is $518 million. The current market capitalization is approximately $2.151 billion, a decrease of $127 million from yesterday.

Aster is a decentralized perpetual contract trading platform that offers multi-chain, high liquidity, and secure non-custodial trading services. Whether you are a cryptocurrency novice or an experienced professional, you can trade on Aster and have complete control over your assets. The platform supports hidden order functionality, allowing users to place limit orders that do not appear on the public order book, with both order size and direction being invisible. Additionally, Aster supports U.S. stock trading with up to 100x leverage, fully settled in cryptocurrency without the need for bridging.

Important news about ASTER recently:

1️⃣ S3 fee distribution plan announced

Aster announced plans 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 S3 concludes, which may affect investors' expectations regarding the long-term value of ASTER.

2️⃣ Rocket Launch event launched

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, with a prize pool containing $200,000 worth of ASTER and additional AT token rewards. This event is expected to attract more users to participate in the Aster ecosystem, enhancing platform activity and the demand for ASTER tokens.

3️⃣ Large capital inflows raise concerns

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 Three new wallets have collectively withdrawn 4.66 million ASTER from the exchange within 8 hours, amounting to approximately 4.79 million US dollars, with an average entry price of 1.02 US dollars.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

From a technical perspective, the ASTER price has experienced a noticeable fall of 5.58% in the past 24 hours. Although the introduction of the S3 fee distribution plan and the Rocket Launch event may boost market sentiment, the uncertainty brought about by large capital flows seems to have a greater impact on the price. Given the high volatility of the cryptocurrency market, investors should closely monitor subsequent developments.

This message does not constitute investment advice; investors should be aware of market volatility risks.