ASTER Price Plunges: Massive Airdrop Looms, Concerns Over Unvetted Token Release

ASTER’s price has experienced a dramatic drop this week, falling below $1.60 and losing around 20% in just a few days. This crash is primarily driven by the upcoming Phase 2 airdrop, scheduled for October 17th, which will unlock approximately 4% of the total supply, or roughly 320 million ASTER tokens. The team has not yet confirmed whether these tokens will be subject to vesting schedules, potentially leading to a mass sell-off by large holders with no long-term plans.