I recently noticed the ASTER launch schedule and I think it's essential to discuss this topic with everyone.
Let’s review the historical data: at the listing in September, the trading volume was 1.6 billion pieces, and on October 14, 320 million pieces of the airdrop were launched. Do you remember the market movement that week? The price dropped from 1.3 straight to 0.9. And now the total trading volume has reached 2 billion pieces.
But this is not the main point.
What really deserves caution is the upcoming large opening process - a total of 1.49 billion tokens will be introduced to the market in batches.
The time points are very important: after 13 days, on November 17, the first 78 million pieces will be released. After that, once a month, the release of these 1.49 billion pieces will continue over a period of 20 months.
The impact of unlocking tokens on prices, there are many cases in the market. This type of trading expansion requires shareholders to be mentally prepared.
By the way, HYPE will also face a similar situation after a while.
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I recently noticed the ASTER launch schedule and I think it's essential to discuss this topic with everyone.
Let’s review the historical data: at the listing in September, the trading volume was 1.6 billion pieces, and on October 14, 320 million pieces of the airdrop were launched. Do you remember the market movement that week? The price dropped from 1.3 straight to 0.9. And now the total trading volume has reached 2 billion pieces.
But this is not the main point.
What really deserves caution is the upcoming large opening process - a total of 1.49 billion tokens will be introduced to the market in batches.
The time points are very important: after 13 days, on November 17, the first 78 million pieces will be released. After that, once a month, the release of these 1.49 billion pieces will continue over a period of 20 months.
The impact of unlocking tokens on prices, there are many cases in the market. This type of trading expansion requires shareholders to be mentally prepared.
By the way, HYPE will also face a similar situation after a while.
Investment involves risks, and information must be transparent. I hope that everyone interested in ASTER can understand this data and assess the risks themselves before making a decision.#GateLatestProofOfReservesReportComing
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