Attention everyone: $ASTER took a pretty hard hit today!
It fell 16.8% in 24 hours, plunging from 0.619 to a low of 0.4784. It’s now at 0.5308, down 22% over the past seven days.
This wasn’t caused by a problem with the project—it was purely the broader market dragging it down, compounded by long liquidations.
Saturday afternoon was the worst: it first dropped 9% in an hour, then fell another 14.6% the following hour. Long positions worth $7.76 million were liquidated in 24 hours—almost all the bulls got wiped out.
On top of that, claims for the sixth airdrop are underway, and 63.38 million new tokens have entered circulation. Quite a few people are selling as soon as they claim, adding even more selling pressure.
The broader market isn’t looking good either: $BTC fell 2.2%, and $ETH dropped 3.3%. As soon as news came out of the Middle East, panic surged, and altcoins couldn’t hold up.
The chart shows the two biggest volume bars came during the drop. It has started to stabilize and recover a little since the low, but airdrop selling pressure won’t end until December 4, so in the short term, it still depends on how the broader market performs.
If you’re holding, don’t panic-sell at the bottom. If you’re sitting on the sidelines, don’t rush to buy the dip either—wait until volume stabilizes.
#ASTER #Aster #暴跌 #爆仓 #Airdrop
It fell 16.8% in 24 hours, plunging from 0.619 to a low of 0.4784. It’s now at 0.5308, down 22% over the past seven days.
This wasn’t caused by a problem with the project—it was purely the broader market dragging it down, compounded by long liquidations.
Saturday afternoon was the worst: it first dropped 9% in an hour, then fell another 14.6% the following hour. Long positions worth $7.76 million were liquidated in 24 hours—almost all the bulls got wiped out.
On top of that, claims for the sixth airdrop are underway, and 63.38 million new tokens have entered circulation. Quite a few people are selling as soon as they claim, adding even more selling pressure.
The broader market isn’t looking good either: $BTC fell 2.2%, and $ETH dropped 3.3%. As soon as news came out of the Middle East, panic surged, and altcoins couldn’t hold up.
The chart shows the two biggest volume bars came during the drop. It has started to stabilize and recover a little since the low, but airdrop selling pressure won’t end until December 4, so in the short term, it still depends on how the broader market performs.
If you’re holding, don’t panic-sell at the bottom. If you’re sitting on the sidelines, don’t rush to buy the dip either—wait until volume stabilizes.
#ASTER #Aster #暴跌 #爆仓 #Airdrop
