Why Is ASTER Price Pumping Today?

ASTER price is up 11% after a major tokenomics update. Here’s what the buyback-and-burn overhaul means for the token’s supply and stakers.

Aster (ASTER) is seeing sharp price action after the project announced a sweeping tokenomics overhaul. 

Per CoinGecko data at the time of publication, ASTER trades at $0.7313. That marks an 11.18% gain in 24 hours and a 17.91% rise over the past week. The daily trading volume hit $449,804,953. 

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ASTER Buyback and Burn: What Changed

Aster announced that starting at 12:00 PM UTC on Wednesday, 99% of its daily platform fees go directly toward buying back ASTER. 

Simultaneously, an equal amount of ASTER gets burned from the project’s reserve. That makes the effective buyback rate 198%, with purchases running automatically via TWAP and settling on-chain. 

Both the buyback wallet (0xa0edBaBcb48034e368de286b49F9603C7AfA1b60) and the listing fee wallet (0x39C473f4420e4ae9Ab3fe9e7ceDFc08F9684bB1a) are public and verifiable. The burn draws from the team allocation first.

The supply impact is significant. 

ASTER launched with a total supply of 8,000,000,000 tokens. The burn mechanism continues until total supply reaches 3,000,000,000, cutting the circulating figure by more than half over time.

ASTER Staking Rewards Get a Boost

Bought-back tokens do not sit idle. Each epoch, they get added to Loyalty Rewards on top of the existing 300,000 ASTER base amount. 

veASTER holders receive these rewards distributed by lock weight. Additionally, every permissionless listing on Aster Spot carries a 50,000 USDT listing fee, which also goes toward buying back ASTER as extra staking rewards.

Crypto analyst Wise Advice noted that the market responded positively to what he described as a “strong buyback flywheel.” ASTER was up roughly 19% shortly after the announcement, before settling at current levels.

Traders Watch Key Price Levels

Market analyst Ardi flagged ASTER’s move to reclaim $0.70 as support. 

On X, Ardi stated a preference to buy above $0.80 or on a revisit to the accumulation zone near the lows. He added that levels between those two points have historically been unfavorable for buyers, describing them as a “donation to the market makers.” 

Ardi also noted that ASTER is approaching a level that would constitute a break of seven-month resistance.

The tokenomics update positions ASTER on a deflationary path backed by protocol revenue rather than manual intervention, with all mechanics verifiable on-chain.

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