The market continues to fluctuate within a range. After the short-term rebound faced resistance at the upper limit of 90500, it continues to test the support below. Pay attention to the strength of the pullback, and continue to view it as range-bound fluctuations!
◈ Aster is buying back massive tokens… but the price is unresponsive! What’s the reason? ◈
$ASTER $ASTER In light of the stagnation dominating the digital asset market, and the prolonged downward wave, the ASTER project has resorted to a series of contraction steps in an attempt to absorb selling pressure and curb the price decline ⚖️📉. Since the strategic shift the project underwent several months ago, token buybacks have become the cornerstone of price support and reducing circulating supply, in a clear effort to achieve a missing balance in the market.
The New Year has arrived, and recently even the big CX funds can't hold up: 1. Lafite Protocol (12.22 crash): An on-chain funding scheme with gold standard hype, lacking a bubble elimination mechanism, and a run triggered by large holders exiting, suspected to be manipulated by Southeast Asian scam groups. 2. Eternal Protocol: A Lafite imitation fund, lacking operational planning, insufficient new funds leading to a break in the funding chain, and the operators directly fleeing. 3. ARK Ark (11.5 crash): Ponzi structure token, project team cashing out through backdoor exceeding 50 million USD, token drop over 25% in 30 days, and a single-day crash of 50% on 12.9. 4. Bofa BF (12.9 crash): A fixed rebate funding scheme, delaying withdrawals under the pretext of settlement control, with core personnel fleeing to Southeast Asia after embezzling billions. (Likes, comments, scan to join group benefits) $BTC $ETH