ASTER (Aster) fell 8.16% in the last 24 hours.

Gate News Bot news, on October 31, according to CoinMarketCap, as of the time of writing, ASTER (Aster) is currently priced at $0.94, falling 8.16% in the last 24 hours, with a high of $1.21 and a low of $0.86. The 24-hour volume reached $740 million. The current market capitalization is approximately $1.899 billion, a decrease of about $169 million from yesterday.

Aster is a decentralized perpetual contract trading platform that offers multi-chain, high liquidity, and secure non-custodial trading services. The platform supports a hidden order feature, allowing users to completely hide the size and direction of limit orders in the public order book. Aster also supports trading U.S. stocks using cryptocurrencies, offering up to 100x leverage with complete settlement without the need for bridging.

Recent important news about ASTER:

1️⃣ The S3 repurchase plan continues Aster is executing the on-chain buyback plan for Phase S3, purchasing tokens daily from the open market. The goal is to accumulate a buyback amount reaching 70%-80% of the trading fees during the S3 period. So far, Aster has completed buybacks for 19 days, with an average daily buyback amount of approximately 1.25 to 1.4 million USD. The S3 phase will continue until November 9, and after the buyback is completed, the S3 airdrop will be launched.

2️⃣ Rocket Launch Trading Competition Attracts User Participation Aster launches the Rocket Launch $AT trading competition, with a total prize pool of approximately $200,000 worth of $ASTER and no less than 1.5 million $AT tokens. Early participants in the first four days of the event will share an additional reward of 500,000 $AT tokens, estimated to be about $190,000 based on the current market capitalization. This initiative aims to incentivize user activity and increase platform volume.

3️⃣ Large capital movements attract attention A newly created wallet has been monitored, extracting 5.3 million USDT from Aster in the past 15 hours, and purchasing 2.94 million ASTER at a unit price of 1.09 USDT, totaling an expenditure of 3.2 million USDT. The wallet currently still holds 2 million USDT. Such a scale of fund flow may have an impact on short-term market supply and demand.

From a technical perspective, the price of ASTER has experienced a significant fall of 8.16% in the past 24 hours. Although the S3 buyback plan and trading competition may provide some support for the token's value, the uncertainty brought about by large capital movements seems to have a greater impact on the price. Considering the high volatility of the cryptocurrency market, investors need to closely monitor subsequent developments.

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