ASTER (Aster) down 3.28% in the last 24 hours

Gate News Bot Message, November 11th, according to CoinMarketCap data, at the time of publication, ASTER (Aster) is currently priced at $1.10, down 3.28% in the past 24 hours, with a high of $1.17 and a low of $0.94. The 24-hour trading volume reached $581 million. The current market capitalization is approximately $2.217 billion, a decrease of about $75.2 million from yesterday. ASTER is currently ranked 45th in the global cryptocurrency market cap.

Recent important news about ASTER:

1️⃣ Ongoing Large-Scale Buyback Program Since October 28th, the official Aster platform has been continuously conducting ASTER token buybacks. As of November 6th, a total of 25.5 million tokens have been repurchased, approximately $29.15 million. The buyback program will continue until November 9th, lasting a total of 35 days. This initiative aims to reduce circulating supply and support the token price.

2️⃣ Platform Upgrade Enhances User Experience The Aster platform recently implemented significant feature upgrades, now supporting ASTER as collateral with an 80% margin ratio. Additionally, users can pay transaction fees using ASTER. These improvements significantly enhance platform usability and are expected to attract more users to participate in trading activities.

3️⃣ New Token Listing and Trading Event Launch On November 4th, Aster launched spot and perpetual contract trading for B2 tokens, simultaneously initiating a four-day trading competition with a total prize pool of $200,000 in ASTER tokens. This event aims to stimulate short-term trading volume but may also lead to increased price volatility.

From a technical perspective, ASTER has shown a downward trend over the past 24 hours, with a decline of 3.28%. Despite ongoing buybacks and platform upgrades, market participants remain cautious about recent large fund flows and price fluctuations. Investors should closely monitor the execution of subsequent buyback plans and their actual market impact.

This message is not investment advice. Please be aware of market volatility risks.