Aster News Today: Transparent Token Unlocks Fuel 9% Surge for Aster, $1.38 Target in Focus
- ASTER surged 9% to $3.27B market cap after team clarified tokenomics and Binance's CZ disclosed $2.5M holdings. - Misstated unlock schedules and a $10M trading competition fueled demand, with price stabilizing above $1.14. - Analysts highlight $1.38 target if $1.26 resistance holds, but warn of risks from stagnant fees and declining user growth.
ASTER (ASTER) jumped more than 9% within a day, lifting its market cap to $3.272 billion, as renewed investor trust and recent strategic moves from the decentralized exchange (DEX) project sparked fresh optimism. The price surge came after a period of uncertainty about postponed token unlocks, which was clarified by the team confirming that its tokenomics remain unchanged,
The rally was initially triggered by a CoinMarketCap (CMC) update that incorrectly listed token unlock dates, shifting some from 2025 to 2035. This led to concerns about possible dilution, but
The rally gained further traction after Binance co-founder Changpeng "CZ" Zhao revealed he holds over $2.5 million worth of ASTER.
Experts observed that the rally aligned with a broader wave of on-chain optimism.
Looking forward, bulls are watching the $1.26 level as a key test, with a close above it possibly opening the way to $1.38 and higher
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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