The post Aster Price Drops 8%, This is Where it Could Head Next appeared first on Coinpedia Fintech News
The past week for Aster has been no less than a rollercoaster, and I’ve been tracking every twist. Despite the broader market holding steady and Bitcoin making gains, Aster price finds itself down 0.99% in the past day and a troubling 8.08% over seven days. The market cap stands at $2.42 billion, and trading volume remains active with $515.03 million changing hands.
What’s spooking ASTER investors? A big chunk of this decline arises from unsettling whale activity. Reportedly, two major wallets dumped a whopping $22.88 million worth of ASTER into exchanges, rattling confidence and sparking a wider sell-off. On top of that, stage 3 airdrop rewards, accounting for 4% of total supply, are on the horizon and creating worries about extra dilution. To make matters worse, the price broke below a key technical level at $1.18, triggering forced exits for traders banking on
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