The recent wave of bearish sentiment around ASTER largely stems from amplifying the position movements of a major whale. But if we set aside the emotions, there are actually more worthwhile things to consider.

First, let's talk about information asymmetry. Many people like to judge the quality of a project based on investors' buy-in and sell-off actions, but this logic is actually flawed. You can't criticize someone's decision to increase their holdings and then turn around and treat their reductions as gospel. Instead of following personal biases, it's better to look at what the core development team is doing and their delivery progress. That’s the true litmus test.

Next, on valuation. Within the DEX derivatives sector, valuation transmission exists. If the market has already priced hype at a hundred billion scale, then ASTER, as a high-beta asset in the same sector, currently has a price that lacks solid logical support. As long as market consensus remains unchanged, valuation recovery is only a matter of time.

And from a narrative perspective. The traditional DeFi story has been told almost to exhaustion. The market is eager for new growth logic—such as high-performance DEXs or deep ecosystem integrations. ASTER happens to combine these two elements, giving it a natural advantage in the liquidity premium of this bull market.

To put it plainly, holding ASTER now is essentially betting on the explosion of the BNB ecosystem. Most of the bearish voices are just normal reactions during bottoming shakeouts. Instead of being driven by short-term emotions, it’s better to focus on the sector’s inherent beta—this is where the real gains come from.