$ASTER fell 30% in one day! Why did the $32 million buyback prove completely ineffective?
ASTER's intraday decline exceeded 30%, despite the team announcing a continuous buyback at a rate of $4 million daily, with a cumulative investment exceeding $32 million, but the price still fell below $0.70, currently reported at about $0.68.
Market sentiment is clearly pessimistic. Many users question the actual effectiveness of the buyback, suspecting a practice of "buying back in public while selling off in secret." Previously, the project was delisted by a third-party platform due to concerns over the authenticity of trading volume data, leading to a crisis of trust. Furthermore, while rumors of significant sell-offs by well-known individuals have been clarified, they still exacerbate market unease.
At present, despite the team's continuous emphasis on the buyback, the price trend reflects a lack of recognition from the market. Without substantial ecological progress or changes in the market environment, a simple buyback is unlikely to reverse the downward trend. Investors should be wary of risks and not blindly bottom-fish solely based on buyback news.
#美国非农数据超预期 #巨鲸动向
Are you trapped? When to increase your position and bottom-fish? Feeling lost and helpless, not knowing what to do? Follow me, 聊天室 for insights.
ASTER's intraday decline exceeded 30%, despite the team announcing a continuous buyback at a rate of $4 million daily, with a cumulative investment exceeding $32 million, but the price still fell below $0.70, currently reported at about $0.68.
Market sentiment is clearly pessimistic. Many users question the actual effectiveness of the buyback, suspecting a practice of "buying back in public while selling off in secret." Previously, the project was delisted by a third-party platform due to concerns over the authenticity of trading volume data, leading to a crisis of trust. Furthermore, while rumors of significant sell-offs by well-known individuals have been clarified, they still exacerbate market unease.
At present, despite the team's continuous emphasis on the buyback, the price trend reflects a lack of recognition from the market. Without substantial ecological progress or changes in the market environment, a simple buyback is unlikely to reverse the downward trend. Investors should be wary of risks and not blindly bottom-fish solely based on buyback news.
#美国非农数据超预期 #巨鲸动向
Are you trapped? When to increase your position and bottom-fish? Feeling lost and helpless, not knowing what to do? Follow me, 聊天室 for insights.
