ASTER (Aster) has risen 11.05% in the last 24 hours.

Gate News Bot news, on November 17, according to CoinMarketCap data, as of the time of writing, ASTER (Aster) is currently priced at $1.24, with a rise of 11.05% in the last 24 hours, having reached a high of $1.28 and a low of $1.01. The 24-hour volume has reached $1.008 billion. The current market capitalization is approximately $2.507 billion, an increase of $250 million from yesterday.

Important news about ASTER recently:

1️⃣ Aster clarifies that the token economic model remains unchanged The official Aster announcement clearly states that the ASTER token economic model has not changed. To improve transparency, the tokens that have been unlocked but not used will be transferred to a separate public unlocking address in the future. This initiative aims to accurately reflect the actual circulating supply of the tokens while addressing the community's concerns about the monthly unlocking quota. This statement helps stabilize market sentiment and provides support for the ASTER price.

2️⃣ The S3 repurchase plan is nearing its end, and the S4 plan is about to launch Aster announces that the S3 repurchase plan is about to end, with a total repurchase expenditure of nearly 49.3 million USDT, repurchasing a total of 47,065,447 ASTER tokens. At the same time, the S4 repurchase plan is about to begin, with specific details to be announced soon. The ongoing repurchase plan demonstrates the project's confidence in the value of ASTER, which is expected to continue supporting the token price.

3️⃣ Large transactions attract market attention Recently, large investors have established a short position of $50.62 million in ASTER at the price level of $1.20. The investor subsequently closed part of the position near $1.02, making a profit of about $860,000. Meanwhile, the address also holds large long positions in ETH and XRP. This large-scale trading activity may trigger market fluctuations, and investors need to pay close attention.

From a technical perspective, ASTER has shown a strong rise in momentum over the past 24 hours, with an increase of 11.05%. Despite the presence of large short positions, the clarifying statement from the project team and the ongoing buyback plan may have provided support for ASTER. However, considering the high volatility of the cryptocurrency market and the impact of large trades, investors should remain vigilant.

This message does not constitute investment advice; investors should be aware of market volatility risks.