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While ASTER repurchased 2.2 million USD, the team's Wallet is dumping 1 million?
[Chain News] ASTER has been quite active lately. On-chain data shows that their newly opened buyback Wallet (0x573…6fF4) scanned $2.2 million worth of ASTER on this day, and they are also holding $800,000 in stablecoin untouched. However, interestingly, during the same period, another address suspected to be associated with the team (0x207…a757) was dumping—selling approximately $1 million worth of Token.
Buyback while dumping? This operation looks like it's adjusting the position structure, or in other words, doing market value management. The remaining 800,000 U in the buyback wallet will probably continue to be bought, but the team is also cashing out, making the overall capital flow a bit subtle.