ASTER experienced a sharp decline of nearly 47% after Trump announced a 100% tariff on China, bringing the token to test the $1.20 support level. This significant drop comes as traders evaluate potential accumulation opportunities ahead of an airdrop scheduled for October 20, which impacts 153,932 wallets.
Despite the downturn, ASTER's market cap has recovered to over $2.5 billion, bolstered by buybacks and increased activity within its ecosystem on Ethereum and Polkadot. The token saw a 9.68% rise in the past 24 hours, reaching $1.41, although it remains down 24% for the week. Traders are closely monitoring resistance levels and technical indicators for signs of a rebound.
ASTER Drops 47% Amid Trump Tariff News, Tests $1.20 Support
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