Breaking! A mysterious giant whale has swept up 2.8 million ASTER, and the battle between bulls and bears behind the 12% surge is about to unfold!
Regarding the recent fluctuations of ASTER, I would like to share my observations based on the data. Last night, there was a single large purchase of over 2.8 million ASTER, pushing the daily increase close to 12%, with the total on-chain transaction volume rising to about $380 million. This token has long been a focal point for bulls and bears due to its public association with CZ: CZ himself once publicly held over 2 million ASTER, while there are active short-selling forces in the market counteracting this, resulting in price volatility significantly higher than that of typical assets. This purchase may represent a renewed effort from the bulls or could signify the start of a new round of competition.
From a fundamental perspective, ASTER is formed by the merger of Astherus and APX Finance, positioned as a multi-chain decentralized perpetual contract exchange, and has a fee buyback and burn mechanism. However, several risks need to be heeded:
1. Short positions may still exert pressure, and one should be cautious of selling pressure after a significant rise;
2. The total value locked (TVL) has been declining recently, with capital flowing out;
3. A batch of large token unlocks is expected in December this year, projected to account for about 15% of the market cap, posing potential selling pressure;
4. The competition in the decentralized perpetual contract space is fierce, with uncertainty about whether it can continue to capture traffic.
I believe ASTER is an event and speculation-driven asset, with its price heavily influenced by whale movements, market sentiment, and lockup releases. Ordinary investors participating should clarify that they are engaging in short-term capital speculation rather than long-term value growth. Especially around the unlock window in December, volatility may further amplify.
In conclusion, the movements of whales are worth tracking, but it is not advisable to chase after a single day of significant gains. If you have reservations about high volatility and uncertainty, it is recommended to remain on the sidelines.
Accurately grasp the market, share strategies in real-time, secretly announce entry points, and witness everything in the chat room! Currently, there is still a contract password in hand! @Alpha金手指
