$ASTER Today, ASTER directly dropped to 0.619, and I see a chorus of complaints in the square. I originally thought that after CZ finished discussing L1, there would be a surge, but instead, it was countered by the airdrop crowd and daily linear unlocks of over 1 million USD, teaching us a lesson.

Let's not get into the fluff; let's analyze behind closed doors:

1. Who is selling in this wave of dumping? Besides the airdrop recipients, the most intense sellers are the daily linear unlocks that remain unchanged. Plus, the trading volume on Hyperliquid is indeed pressuring Aster, and quite a few short-term investors have chosen to "switch positions." To put it bluntly, the current 0.619 is a result of forced liquidation due to liquidity exhaustion.

2. What is the project team doing? I checked on-chain, and it seems the officials are quite anxious. On the 19th, they just launched a new buyback plan, putting out 40% of the transaction fees to support the price. But the current macro environment (expectations of a tariff war) is unfavorable, and bullish confidence has collapsed; the buyback bullets haven't yet stopped the panic selling.

3. Has the logic changed or not? I only focus on one point: Will the Aster Chain mainnet launch in Q1? If the mainnet goes live as scheduled, the current 0.6 range is the ultimate washout before the public chain explosion. If there’s no movement in Q1, then this coin will indeed have to lie flat for a long time. But I bet on the public chain narrative, and I’ve already started placing orders in batches around 0.61; selling now would be giving the chips to those waiting for a buyback.

Personal thoughts:

This kind of gradual decline is the most tormenting, grinding away the last bit of hope. But I always believe that the "extreme panic" after good news is often a signal for reversal.

Brothers, at this level of 0.619, are you preparing to lie flat and play dead, or are you like me, buying some blood chips at the support level?

#ASTER #BinanceSquare #MarketAnalysis #CZ #DeFi2026