ASTER (Aster) fell 18.68% in the last 24 hours.

Gate News Bot news, on September 26, according to CoinMarketCap data, ASTER (Aster) is currently priced at $1.90, down 18.68% in the last 24 hours, with a high of $2.42 and a low of $0.55. The current market capitalization is approximately $3.156 billion.

Aster is a next-generation decentralized exchange for perpetual contracts aimed at all traders. The platform offers cross-chain trading capabilities, allowing transactions without the need for cross-chain bridges or network switches. Aster features deep liquidity pools, supports large trades, and provides advanced tools such as hidden orders. The platform's design emphasizes simplicity and control, making it suitable for both novice and professional traders. As of now, Aster's total trading volume has reached $129 billion, with open interest at $63 million and total locked value at $101 million, supporting 25 trading pairs.

Important news about ASTER recently:

1️⃣ XPL contract price abnormal fluctuation

The Aster platform's XPL perpetual contract price experienced a short-term abnormal fluctuation, peaking at 4 dollars. The Aster team has confirmed that there is a price anomaly in this trading pair, stating that user funds are safe and secure, and they are conducting a thorough investigation, as well as compensating affected users for their losses. This incident may have a short-term impact on the platform's reputation and user confidence.

2️⃣ Trading volume and revenue increased significantly

Aster's revenue in the past 24 hours surged to approximately $13 million, surpassing Circle, and temporarily ranking second on the cryptocurrency revenue leaderboard. The platform's 24-hour on-chain derivatives trading volume reached $21.1 billion, nearly double that of Hyperliquid. This growth trend reflects Aster's rapid rise and strong competitiveness in the decentralized perpetual contract trading space.

3️⃣ Institutional investors make large purchases

Galaxy Digital associated addresses extracted 24 million ASTER from Gate, worth 46.56 million USD, becoming the largest on-chain holder not affiliated with a project. Additionally, multiple whales bought or extracted a total of 31.86 million ASTER during the 38% rise in ASTER. The active participation of institutions and large holders provided strong support for the price of ASTER.

From a technical perspective, the ASTER price has experienced a pullback after a rapid rise, which may be a correction by the market due to the previous excessive increase. Investors should be cautious of the risk of a high-level pullback and pay attention to potential profit-taking pressure. At the same time, the abnormal event of the XPL contract price may trigger short-term market volatility, and close attention should be paid to the platform's handling progress and its impact on user confidence.

This message is not an investment advice; investors should be aware of market volatility risks.