I just checked the on-chain data: in the past 24 hours, their so-called "buyback wallet" did buy $2.2 million worth of tokens, that's a fact. But here's the problem—a related address quietly sold $1 million worth during the same period.
Buying back with the left hand and selling with the right? I really don't get the logic.
Buybacks are supposed to support the market cap and boost community confidence, but then they turn around and dump tokens, with a net inflow of only $1.2 million. If it's just a financial move for liquidity, why not clarify it in advance? Now with this data on-chain, how can holders not get anxious?
Anyone here familiar with on-chain analysis who can explain whether this kind of simultaneous operation is standard financial practice for project teams, or if there's something fishy going on?
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zkNoob
· 18h ago
This operation is indeed a bit shady. Playing both sides like this—how can holders not run away?
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LayerZeroHero
· 18h ago
It's this kind of playing both sides again, truly remarkable.
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SchrödingersNode
· 18h ago
A typical case of left hand passing to the right hand, this is just crypto tricks.
They've put the data on-chain but are still being secretive—what happened to transparency?
They dare to brag about buybacks with a net inflow of just 1.2 million, but I think they're just buying back their own credibility.
The project team says "liquidity needs" and that's it? Do they think all holders are fools?
ASTER's latest move is really hard to justify.
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StopLossMaster
· 18h ago
Buybacks on one hand and dumping on the other, I’ve seen this trick too many times.
Yet another self-deceiving project, haha.
Net inflow is only 1.2 million and they dare to brag about buybacks, do they think we’re fools?
Operating like this without clarifying things in advance, they’re definitely hiding something.
This kind of thing gets exposed just by looking at on-chain data, there’s nothing to argue about.
Should have left earlier, don’t wait around.
$ASTER I really can't make sense of this move.
I just checked the on-chain data: in the past 24 hours, their so-called "buyback wallet" did buy $2.2 million worth of tokens, that's a fact. But here's the problem—a related address quietly sold $1 million worth during the same period.
Buying back with the left hand and selling with the right? I really don't get the logic.
Buybacks are supposed to support the market cap and boost community confidence, but then they turn around and dump tokens, with a net inflow of only $1.2 million. If it's just a financial move for liquidity, why not clarify it in advance? Now with this data on-chain, how can holders not get anxious?
Anyone here familiar with on-chain analysis who can explain whether this kind of simultaneous operation is standard financial practice for project teams, or if there's something fishy going on?