ASTER (Aster) fell 13.33% in the last 24 hours.

Gate News Bot news, on October 11, according to CoinMarketCap, as of the time of writing, ASTER (Aster) is currently priced at $1.36, having fallen 13.33% in the last 24 hours, with a high of $2.21 and a low of $1.20. The 24-hour volume reached $3.411 billion. The current market capitalization is approximately $2.313 billion, a decrease of about $356 million compared to yesterday.

Aster is a next-generation perpetual contract decentralized exchange, designed for all traders. It offers cross-chain trading functionality without the need for bridging or switching; just select a chain and trade. Aster has deep liquidity pools that support large trades and provides advanced tools such as hidden orders. The platform is designed to be clear and straightforward, suitable for both novice and professional traders, aiming to provide users with a clear and controlled trading experience.

Important news about ASTER recently:

1️⃣ Airdrop Delay and Distribution Data Issues The ASTER airdrop has been postponed to October 20 due to inconsistent allocation data. The project team found inconsistencies in the $ASTER allocation data for some users, which normally should not be less than the final snapshot RH% for each allocation period. The official will update the allocation within a few days, and users will have 48 hours to choose a USDT fee refund after the update. This issue may affect users' confidence in the project and could lead to changes in the token volume in the short term.

2️⃣ Large-scale token buyback Aster completed the buyback of 100 million ASTER tokens before the market fell. All purchased tokens have been stored in a public blockchain address. This move may aim to support the token price, but since the buyback occurred before the fall, its effect may be limited.

3️⃣ Airdrop completed but there is a funding shortfall issue The Aster S2 airdrop has been completed, but community feedback indicates there may be issues with a funding discrepancy. The project team has fully refunded the transaction fees and has used its own funds to pay the KOL rebates. They are currently working to understand the situation, but the processing time may be lengthy. This issue may further affect users' trust in the project and could lead to short-term fluctuations in the token price.

From a technical perspective, the ASTER price has seen a significant fall in the past 24 hours, which may be related to the combined effects of the aforementioned factors. The delay in airdrops, issues with distribution data, and discrepancies in funding may have raised concerns about the project's management capabilities. While large-scale buybacks demonstrate the project's willingness to support the price, the effect seems to be limited.

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