Aster continues reducing supply as token burns and buybacks support price stability
Aster-Dex recently removed another 455,982 ASTER tokens from circulation, pushing the project’s total burned supply to around 176 million tokens. The burn is part of the platform’s ongoing effort to control supply and reduce selling pressure in the market.
Over the past month, ASTER has been moving sideways between $0.65 and $0.76, after failing to reclaim the $0.76 level. At the time of writing, the token is trading near $0.70, showing a modest recovery after briefly dipping to $0.67.
Alongside the burn, another 455,982 ASTER tokens were moved to the project’s treasury, both coming from the distribution of Aster’s Airdrop Stage 5. Altogether, the project has now removed roughly $123 million worth of tokens from circulation, strengthening the asset’s scarcity.
The team is also continuing its token buyback program, which is currently in Season 6. So far, about $7.6 million has been used to repurchase 12.2 million tokens, while total buybacks have reached 266 million ASTER valued at $187 million.
Technically, ASTER has shown mild bullish signals after reclaiming the 20 and 50 EMAs around $0.697–$0.698, while the RSI moved above 50, suggesting improving momentum.
Meanwhile, derivatives activity remains strong. Perpetual trading volume has stayed above $2 billion for three weeks, and open interest has climbed near $2.1 billion, showing continued market participation despite broader market volatility.
For now, ASTER remains in a consolidation phase, with $0.66 acting as key support, while a stronger bullish move could target the $0.79 level near the 200 EMA.
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