Here we go again. A certain wallet address just dumped 1 million ASTER tokens into a major exchange, equivalent to $598,000.

Arkham on-chain data shows that this operation occurred about 10 minutes ago. Making such a large transfer at once is hard not to make people wonder—are they testing market depth or are they really clearing out their positions?

How does the price of $ASTER react? The key still depends on the subsequent selling pressure. If there is no significant dump afterward, it indicates that the market has good absorption capacity; if the price continues to fall, then caution is advised.

Anyway, such a single transfer of tens of millions is often a market indicator. It feels like we should keep an eye on ASTER’s trend next, to see if large holders have any further moves.