$ASTER burned coins again—three million of them, a little over an hour ago.
And then? Then nothing.
I stared at this coin for ages and still couldn’t figure out who was winning. People have been saying token burns are bullish for a whole month, but the price is still going sideways. You could say the market makers are propping it up—well, they’re certainly doing a thorough job. Or you could say retail investors are buying the dip—but they’re doing it awfully neatly.
Honestly, I’m impressed.
Someone in the group asked me if they should get in this time. I replied: “Go dig up the screenshot of your last loss and have a look first.” With this coin-burning business, they talk about deflation, but who knows if that’s really what they’re doing.
I don’t get it, but I’m deeply impressed. Either these damn market makers are playing some grand game, or they’re just as clueless as the rest of us. $ASTER
And then? Then nothing.
I stared at this coin for ages and still couldn’t figure out who was winning. People have been saying token burns are bullish for a whole month, but the price is still going sideways. You could say the market makers are propping it up—well, they’re certainly doing a thorough job. Or you could say retail investors are buying the dip—but they’re doing it awfully neatly.
Honestly, I’m impressed.
Someone in the group asked me if they should get in this time. I replied: “Go dig up the screenshot of your last loss and have a look first.” With this coin-burning business, they talk about deflation, but who knows if that’s really what they’re doing.
I don’t get it, but I’m deeply impressed. Either these damn market makers are playing some grand game, or they’re just as clueless as the rest of us. $ASTER
