📉 $ASTER – From “emerging star” to shock drop
Aster, the permanent DEX platform that just launched in early September, unexpectedly “flamed” as the ASTER token dropped nearly 10% in 24h, trading around 1.91 USD, down more than 20% from the peak of 2.43 USD. The reason? A wave of sell-offs occurred when many large investors like Mike Ess and Clemente announced their exit from ASTER to switch to BTC, XPL $ASTER
Although Changpeng Zhao (CZ) once supported Aster, recent ambiguous signals have made the market doubt his commitment. Meanwhile, Hyperliquid has been praised for its superior performance, creating significant competitive pressure.
Bright spot: just after a few weeks, Aster's TVL reached 701 million USD, generating over 82 million USD in fees – a considerable amount. However, the rapid decline indicates that user confidence remains fragile. Aster is seen as both a “bold newcomer” and a “risky unknown” in the DEX race.
❌ Read for fun, not as an all-in signal – otherwise you might end up crying silently while holding the chart tomorrow.
