Market Observation | Not Just Watching the Show: From the Trading Heat of ASTER, Looking at the 'Buyback and Destruction' Economics of DEX Platform Tokens
The script wouldn't dare to write this!
Yesterday's ASTER contract competition became the focal point of the entire internet. The well-known trader 'Liangxi' showcased incredible explosive power during the competition, turning a capital of 10,000 U into 100,000 U at one point. This 'rollercoaster' storyline is not just a personal trading show but a hardcore 'stress test' of the liquidity and mechanisms of the ASTER platform.
Everyone has seen the latest battle situation: the account experienced drastic fluctuations from heaven to hell.
However, as a rational market observer, we should not just stay at the level of 'watching the show.' Through this incident, I saw three deeper value logics behind ASTER: