Recently, a faint unusual smell has been detected in the market. A major holder couldn't find the ASTER founder and directly cut losses and fled. The superficial reason sounds somewhat far-fetched, and there are probably undisclosed stories behind it.
Soon after, a whale followed suit and cleared their holdings. We've seen this kind of thing many times—those projects that go live with high market value but the project team holds a large amount of unlocked tokens. In the early stages, they are not meant for trading; they are just a stage for the project team to slowly dump tokens. Retail investors? Basically, they are just the bagholders.
Whether ASTER has prospects is uncertain, but the short-term trend is already quite clear—it will continue to decline. Now is not the time to buy the dip. The early structure of such projects determines their fate. Let's wait and see; the real opportunity has not yet arrived.
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Recently, a faint unusual smell has been detected in the market. A major holder couldn't find the ASTER founder and directly cut losses and fled. The superficial reason sounds somewhat far-fetched, and there are probably undisclosed stories behind it.
Soon after, a whale followed suit and cleared their holdings. We've seen this kind of thing many times—those projects that go live with high market value but the project team holds a large amount of unlocked tokens. In the early stages, they are not meant for trading; they are just a stage for the project team to slowly dump tokens. Retail investors? Basically, they are just the bagholders.
Whether ASTER has prospects is uncertain, but the short-term trend is already quite clear—it will continue to decline. Now is not the time to buy the dip. The early structure of such projects determines their fate. Let's wait and see; the real opportunity has not yet arrived.