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TheTrendBaller
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HEREâS WHY $ASTER PRICE IS CRASHING
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$ASTER has dropped nearly 20% this week, falling below $1.60 as selling pressure intensifies ahead of a major airdrop unlock.
Key Reason:
The upcoming Phase 2 airdrop on October 17 will release about 320 million ASTER (4% of supply). The team hasnât confirmed any vesting schedule, raising fears that recipients may sell immediately.
Whale Activity:
Earlier unlocks already sparked heavy selling â one whale reportedly sold $12M worth of ASTER on October 9, triggering a market-wide drop.
Market Impact:
While some retail wallets are accumulating off exchanges, it hasnât offset the whale dumping pressure, leaving ASTER under strong bearish sentiment.
{spot}(ASTERUSDT)
#ASTER #MarketPullback #SquareMentionsHeatwave
Key Reason:
The upcoming Phase 2 airdrop on October 17 will release about 320 million ASTER (4% of supply). The team hasnât confirmed any vesting schedule, raising fears that recipients may sell immediately.
Whale Activity:
Earlier unlocks already sparked heavy selling â one whale reportedly sold $12M worth of ASTER on October 9, triggering a market-wide drop.
Market Impact:
While some retail wallets are accumulating off exchanges, it hasnât offset the whale dumping pressure, leaving ASTER under strong bearish sentiment.
{spot}(ASTERUSDT)
#ASTER #MarketPullback #SquareMentionsHeatwave
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