ASTER's repurchase efforts are indeed not small, but there is really a question mark about how far this logic can go. To put it bluntly, the current growth is mainly eating the dividends of marketing expenses, and this situation obviously cannot last long. Once the event is over, will the destruction rhythm be adjusted? Will the project change the destruction ratio? These are still in the unknown stage.

The strategy at hand is clear: wait until the end of the event to look at financial performance. But there is a deeper problem here - there is a high probability that subsidies will burn until the end of this bull market, or even longer. Once the bear market arrives, it is a routine operation for the project party to be silent for one or two years. At that time, the real test began: without the support of marketing expenses, will users accelerate their churn? Will the transaction volume drop sharply? The embattled dilemma is in front of us.

The key to ASTER has a chance is whether he can hold on to those most difficult days. If it really passes, waiting for the bull market to restart will be an opportunity worth paying attention to.