#美国证券交易委员会推进数字资产监管框架创新 ASTER why is it still worth watching?

The core logic is simple—backed by continuous support from leading exchanges, which itself forms the strongest pricing foundation. In this environment, projects that can consistently attract resource allocation naturally have liquidity advantages, and this is not empty talk.

Let's look at the numbers:

- Reached a high of $1.00 at launch
- Currently around $0.70
- Fell by -37% in the past 30 days

But what has happened during this period? The team completed a large-scale buyback of approximately $32 million, with the maximum daily buyback strength during the S4 phase reaching over $4 million/day. 90% of the fee income was used for buybacks.

This is the key point—despite such intense and sustained buyback pressure, the price still experienced sufficient adjustment. What does this indicate? It’s not that buybacks are useless, but rather a typical redistribution of chips + market sentiment clearing.

Why do I see it this way?

- The buyback funds are real money, coming from actual fee income
- This action covered the entire S4 phase and will continue further
- The circulating supply is gradually being absorbed during this process, exerting a suppressive effect on medium-term supply

The often-missed point in the market:

Falling from $1 to $0.7 looks like a "disaster." But in reality, this is a correction happening amid high trading volume, high participation, and high heat, not a liquidity exhaustion where no one cares.

ASTER is a top-tier project in the derivatives track, not an asset that can be pumped and dumped in one round. Such projects must go through repeated price refinement and emotional tests.

Simply put: ASTER is still within the mainstream ecosystem narrative. Buybacks are ongoing, funds are competing, and attention remains. The price is just a phase phenomenon; the ultimate ceiling depends on how large the ecosystem can grow and how deep the exchange resource support is.

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