ASTER (Aster) fell 12.61% in the last 24 hours.

Gate News Bot news, September 26, according to CoinMarketCap data, as of the time of writing, ASTER (Aster) is currently priced at $1.82, down 12.61% in the last 24 hours, with a high of $2.42 and a low of $0.55. The current market capitalization is approximately $3.016 billion, a decrease of $435 million compared to yesterday.

Aster is a next-generation decentralized exchange for perpetual contracts aimed at all traders. The platform offers cross-chain trading capabilities without the need for bridging or switching; users simply select a chain and trade. Aster has deep liquidity pools, supports large transactions, and provides advanced tools such as hidden orders, offering users control, speed, and a competitive edge. Whether you are a beginner or a professional trader, you can enjoy a simplified trading experience on Aster.

Important news about ASTER recently:

1️⃣ XPL contract price abnormal fluctuation

The Aster platform's XPL perpetual contract price experienced a brief abnormal fluctuation, rising to a maximum of 4 USD. The Aster team has confirmed that there is a price anomaly in this trading pair, stating that user funds are safe and secure, and a comprehensive investigation is underway. Compensation will be provided to affected users for their losses. This incident may have a short-term impact on the platform's reputation and user confidence.

2️⃣ Trading volume and revenue have increased significantly

Aster's revenue surged to approximately $13 million in the past 24 hours, surpassing Circle and temporarily ranking second in the cryptocurrency revenue leaderboard. The platform's on-chain derivatives trading volume reached $21.1 billion in 24 hours, nearly double that of Hyperliquid. This growth trend reflects Aster's rapid rise and strong competitiveness in the decentralized perpetual contract trading field.

3️⃣ Institutional investors make large purchases

Galaxy Digital associated address withdrew 24 million ASTER from Gate, worth 46.56 million USD, becoming the largest non-project holder on the chain. In addition, several whales bought or withdrew a total of 31.86 million ASTER during the 38% rise in ASTER. The active participation of institutions and large holders provides strong support for the ASTER price.

From a technical perspective, the ASTER price has experienced a pullback after a rapid increase, likely due to market correction from previous excessive gains. Investors should be wary of the risk of high-level pullbacks and pay attention to potential profit-taking pressure. At the same time, the abnormal events related to the XPL contract price may trigger short-term market fluctuations, requiring close attention to the platform's handling progress and its impact on user confidence.

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