Today, the most tragic news in the crypto world is undoubtedly the flash crash of ASTER. On-chain data shows that a certain large whale completely cut losses yesterday (January 19), with total losses reaching as high as $4.21 million. Of this, the loss for ASTER alone accounted for $3.74 million. What’s even more heartbreaking is that this project was once regarded as a star product personally endorsed by CZ.
1. Is CZ also stuck? On-chain data speaks volumes. According to on-chain analysis, CZ's cost price for ASTER is approximately $0.913, with an investment exceeding $2 million. Based on the current price of ASTER dropping to around $0.55, even for a top figure in the crypto space, the paper loss has reached 37%. The endorsement of the big shot seems unable to stop the price plunge in the face of a ruthless market.
2. Why can't ASTER break out of BNB's trajectory? Many brothers initially entered the market believing that ASTER would soar like early BNB, through decentralized derivative trading (Perp DEX) and the upcoming Layer 1 chain. But the harsh reality tells us that ASTER still has a long way to go compared to BNB:
1. The gap in practicality (Utility): BNB is the 'water, electricity, and coal' of the entire Binance ecosystem, a necessity. Currently, ASTER is more like an exquisite display item. While it has innovations in high-leverage and privacy-protecting transactions, it has not yet transformed into a fundamental need that users cannot do without.
2. The dimensionality reduction attack from competitors: Competitors like Hyperliquid are rapidly overtaking in terms of trading volume and liquidity. The market prefers the new and despises the old; once the technological advantage is no longer apparent, funds will quickly withdraw.
3. The selling pressure from token unlocks: January 2026 is precisely when ASTER will begin its quarterly large-scale unlocks, with a daily increase in supply exceeding 1 million USD. Without buyers to absorb this, a collapse is just a matter of time.
3. The escape of whales and the cold reflection of the market
This time, the giant whale's blood loss exit actually cast a vote of abandonment for all investors. In the crypto world, there has never been an ironclad rule that having big names endorse something guarantees success. Without real business support, even the most splendid narrative is just a bubble. Although the official announcement states that 40% of the transaction fees will be used for buybacks, this kind of good news seems a bit like a drop in the bucket in the face of large unlocks and trust crises.
Summary: Is there still hope for ASTER? That depends on whether the Layer 1 mainnet planned for launch in the first quarter can bring about a real ecological explosion. Currently, ASTER is going through a painful transition from 'pure speculation' to 'value validation'. Brothers, for the current ASTER, do you plan to enter and buy the dip from CZ, or continue to observe?
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