Aster Price Surges 15% After Rocket Launch Campaign Announcement
On October 23, ASTER experienced a 15% price increase, rising from under $1.00 to $1.11, boosting its market cap beyond $2.2 billion. This surge followed the launch of Aster's Rocket Launch campaign, providing exposure to early-stage crypto projects before major exchange listings.
- The Rocket Launch event includes reward pools made up of ASTER tokens and participating project's tokens.
- Projects contribute funds and tokens for ASTER buybacks, which are then merged into a reward pool for eligible traders.
- Participants must meet trading requirements like maintaining a certain ASTER balance and achieving specific trading volumes.
- $200,000 worth of ASTER rewards will be shared among winners to enhance community engagement.
CZ Pardon Intensifies Buy Pressure on Aster
- Donald Trump pardoned Binance founder Changpeng Zhao (CZ), increasing buy pressure on Aster.
- This announcement boosted optimism in the crypto market, especially for projects within the BNB ecosystem.
- CZ praised Aster's infrastructure, highlighting its advanced liquidity routing and DEX model.
- The combination of the Rocket Launch campaign and CZ's pardon strengthened bullish momentum, pushing Aster above $1.10.
Market data showed whale involvement during the rally, with a notable 5% decline in trading volume, indicating large buy orders primarily drove the price increase.