ASTER (Aster) down 5.76% in the last 24 hours

Gate News Bot message, November 7th, according to CoinMarketCap data, as of press time, ASTER (Aster) is currently priced at $1.03, down 5.76% in the past 24 hours, with a high of $1.26 and a low of $0.82. The 24-hour trading volume reached $758 million. The current market capitalization is approximately $2.08 billion, a decrease of $127 million from yesterday.

Aster is a decentralized perpetual contract trading platform that offers multi-chain, highly liquid, secure non-custodial trading services. Whether you are a cryptocurrency beginner or an experienced professional, you can use the platform to trade and have full control over your assets. Aster’s total trading volume has reached $750 billion, with over 1.42 million users, open interest of $670 million, total locked value of $290 million, and support for 45 trading pairs. The platform also provides a hidden order feature, allowing users to place limit orders without displaying them on the public order book, and supports US stock trading with up to 100x leverage, settled entirely in cryptocurrency without cross-chain.

Recent important news about ASTER:

1️⃣ Ongoing Large-Scale Buyback Program
Aster’s official has been conducting ASTER token buybacks since October 28th. 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 market circulation and support the token price.

2️⃣ Platform Feature Upgrades Enhance User Experience
Recently, Aster platform implemented significant feature upgrades, now supporting ASTER as collateral with an 80% margin ratio. Additionally, users can pay trading fees using ASTER. These improvements significantly enhance the platform’s usability and are expected to attract more users to participate in trading activities.

3️⃣ New Token Listing and Trading Campaign Launch
On November 4th, Aster launched spot and perpetual contract trading for B2 tokens, along with a four-day trading competition with a prize pool of up to $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 5.76%. 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 the buyback plans and their actual impact on the market.

This message does not constitute investment advice. Please be aware of market volatility risks when investing.