December 28, 2025

Today, while checking some daily trading data, I found that over 5,000 Aster tokens have not been claimed (I posted an update about this). The claiming feature was opened on the 15th. I initially thought it wasn't a big deal and didn't pay much attention, but I was still a bit happy, so I posted an update. Many people are still quite interested in this, so I want to share two perspectives using Aster as an example.
First, for tokens with high inflation, simply holding them is like making someone else a bride. Aster is a typical high-inflation token. Inflation here means continuous issuance or unlocking that increases the circulating supply. Aster's circulating supply increases through mining output, where traders contribute transaction fees and receive Aster rewards. I haven't calculated exactly how much fee consumption there is, but subjectively, I feel it definitely doesn't exceed 2000U. Anyway, I bought Aster at a discounted price (not considering my trading profit or loss). From this perspective, this is the main reason for Aster's price decline. For "miners" involved in trading, there is motivation to mine and sell, which puts pressure on Aster's price.
Similarly, other high-inflation tokens face this issue as well. Besides natural inflation from PoS mechanisms, there is also project team unlocking in batches. These types of tokens pose a significant risk for retail investors holding long-term, because your share of the circulating market cap is constantly being diluted. Even if the project's market cap remains unchanged, the token price will decline. The most typical example is projects with low circulating supply and high FDV during bull markets, which carry huge risks. In comparison, BTC's annual inflation rate is about 0.8%, ETH's