The crypto market plummeted this morning, with 600 million ETH liquidated across the network, the majority of which was ETH. ASTER, the token issued by Aster, a decentralized perpetual contract exchange backed by YZi Labs, became available for redemption last Friday, driving a surge in native DEX tokens like HYPE and AVNT, sparking a weekend surge. However, this morning, the excitement has cooled somewhat. While Japanese and Taiwanese stocks continue to rise, the crypto market is actually declining.
The entire network was liquidated with 600 million Mg, with ETH as the main
The crypto market plummeted this morning, with the overall market capitalization falling below the $4 trillion mark again. According to Coinglass data, as much as $630 million in positions were liquidated within 24 hours, with ETH being the largest portion.
ASTER leads the way, AVNT and HYPE have a blast this weekend
ASTER, the token issued by Aster, a decentralized perpetual contract exchange supported by YZi Labs, was available for application last Friday and was listed on Binance Alpha. The price of the coin rose from the opening low of $0.45 to a high of $1.9958 over the weekend, a 343% increase. As of press time, it has fallen back to $1.44.
Avantis (AVNT) also surged from around $1 to 2.6791, breaking its all-time high. Avantis is the largest decentralized perpetual swap DEX on Coinbase's Base chain. Hyperliquid also benefited from ASTER's surge.
BNB also rose simultaneously, reaching a new all-time high of $1,083.
ETH falls below 4,300, and the Altcoin Seasonal Index falls again
The Altcoin Seasonal Index, which had finally reached the key price of 75 last week, fell back to 67.
ETH fell below $4,300, down over 4% in 24 hours. XRP, BNB, and SOL also fell over 3%. DOGE and HYPE also fell over 8% in 24 hours.
However, Japanese and Taiwanese stocks are both on the rise.
The article ETH fell below 4300, ASTER rose and retreated, and Altcoin fell together first appeared in ABMedia ABMedia .
