ASTER burns over 210M tokens – Why has its price stalled for 8 months?

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Aster DEX has burned over 210 million ASTER tokens in total, including 5.443 million in the past two weeks through platform fees and team allocation. A whale purchased 899.9K ASTER tokens worth $631K from Binance in the last 24 hours, bringing their total holdings to 2.90 million tokens. Binance moved 9 million ASTER tokens worth $6.30 million to Aster DEX’s deposit vault, totaling 30 million tokens worth $21 million in one month. The altcoin has been trading between $0.60 and $0.78 for eight months within a symmetrical triangle, with the horizontal resistance at $0.78 needing to be cleared for a bullish confirmation.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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