ASTER (Aster) up 8.26% in 24 hours

According to Gate News Bot on December 3, citing CoinMarketCap data, as of press time, ASTER (Aster) is trading at $1.07, up 8.26% in 24 hours, reaching a high of $1.13 and a low of $0.88. The current market capitalization is approximately $2.541 billion, an increase of $194 million from yesterday.

Aster is a next-generation decentralized perpetual contract exchange for all traders. It offers cross-chain trading functionality without the need for bridging or switching; simply select a chain and start trading. Aster features deep liquidity pools that support large trades and provides advanced tools such as hidden orders. Both beginners and professionals can enjoy a seamless trading experience on Aster.

Recent key news about ASTER:

1️⃣ Large purchases drive price increase In the past 24 hours, a crypto whale purchased 2.996 million ASTER tokens at $1 each, with a total investment of about $3 million. Meanwhile, ASTER’s new buyback wallet bought $2.2 million worth of ASTER tokens from the market within 24 hours. These large-scale purchases may be one of the main factors driving ASTER’s price increase.

2️⃣ Phase 4 buyback launched ahead of schedule The ASTER team advanced the start of the Phase 4 buyback from the originally scheduled December 10 to December 2. This decision reflects the team’s proactive response to current market conditions and may have boosted investor confidence, further supporting ASTER’s price trend.

3️⃣ Trading volume remains in the lead Despite a slowdown in overall decentralized perpetual contract exchange (perp DEXes) trading volume in November, Aster has maintained a high market share. In November, Aster’s trading volume reached $258 billion, accounting for 44.07% of total trading volume together with Hyperliquid, demonstrating the platform’s sustained competitiveness.

From a technical perspective, ASTER’s price rebounded from a 24-hour low of $0.88 to $1.07, an increase of over 8%, showing strong upward momentum. However, investors should remain aware of potential market volatility risks, especially considering that some team-related wallets sold about $1 million worth of tokens during the same period.

This news does not constitute investment advice. Please be mindful of market volatility risks when investing.