Aster Covers Losses in USDT After XPL Price Error; ASTER Price Dips 14%

Core Insights - Aster has compensated users who lost funds due to a price glitch on its decentralized exchange (DEX) [1] Price Glitch - On September 25, the Plasma (XPL) perpetual trading pair experienced abnormal price movements, with XPL surging to $4 on Aster while other exchanges listed it at approximately $1.3 [2] - The glitch is speculated to have resulted from an incorrectly configured index set by the Aster team, leading to a price jump that did not sync with the live market [3] Market Reaction - Following the price glitch, Aster's ASTER token initially dropped by around 14% from $2.03 to $1.74 but has since recovered to $1.91 [4] - Aster's market cap is currently at $3.18 billion, ranking it 36th among the top 100 cryptocurrencies [4] - Plasma's XPL token has seen a significant increase of nearly 60% in the past 24 hours, trading at $1.20 with a market cap of $2.17 billion, ranking it 49th among cryptocurrencies [5][6]