Recently, the crypto market has stirred again. The experience of a representative from a well-known institution on ASTER has truly revealed the true nature of small-cap coins to many people. Bought at a cost price of $0.913, it fell to $0.7136 in just a few days, resulting in unrealized losses of over 20%—even institutional-level participants find it hard to escape the fate of being trapped.

What does this wave of decline actually mean? Let's break it down from a data perspective.

The current circulating market value of ASTER is 7.558 billion USD, with a total market value of 7.627 billion USD, but there is a key indicator that is easily overlooked: the circulation rate is only 25.22%. In other words, most of the chips are still lying in the basement. This configuration structure determines its market characteristics – although the market cap is small, the activity level is high, and any influx or withdrawal of funds can cause significant fluctuations. Ranked 64th globally, it is not an obscure project, but it also does not belong to the first-tier camp; such targets are the most prone to become battlegrounds for capital games.

From a technical perspective, the current price level has already tested support. The rebound of small-cap coins is often more intense than the fall, but this depends on the turning point of the capital side. Whether to chase highs or bottom fish now depends on individual risk tolerance and position management strategies.