X @XQ

Market Analysis & Trading Logic - The analyst initiated a long position in $ASTER at $0.09, allocating 60,000 units of spot holdings, based on observed market dynamics [1] - The analyst believes that listing on Alpha, a decentralized exchange (DEX), is beneficial for $ASTER due to the liquidity it brings from Binance (BN), suggesting Alpha's liquidity surpasses on-chain liquidity [1] - The analyst suggests monitoring the price correlation between APX and ASTER to gauge the end of the airdrop sell-off, pinpointing a potential synchronization time around 20:50 [1] - The analyst posits that APX represents Binance-based capital interested in the ASTER concept [1] - The analyst observes that ASTER's trading volume (11.53 million units at $0.09) significantly exceeded APX's (4.5 million units) after 20:50, inferring market maker activity on ASTER [1] Project Assessment & Strategy - The analyst views listing on a centralized exchange (CEX) as a contradiction for DEX projects like ASTER, implying a lack of confidence if ASTER pursues CEX listing [3] - The analyst chose to buy ASTER directly, anticipating a positive premium of APX over ASTER due to ASTER's initial lack of active users and airdrop sell pressure, while APX had Binance buy orders [3] - The analyst emphasizes the importance of trading volume in determining pricing power within exchanges and the significance of holder concentration in internal coin pricing [3] - The analyst highlights the transparency of exchange-driven market making compared to third-party market makers on Binance, emphasizing the information asymmetry [3]