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Aster Coin Sees Mixed Market Reaction Amid Buyback Program and Airdrop Announcement.$ASTER Aster (ASTER), a decentralized exchange (DEX) token, has been experiencing a mixed market reaction following its recent buyback program and airdrop announcement. The token's price has been trending downward, falling 10.34% in the past 24 hours and 25% over the past week, currently trading at $0.69. The Aster team has been actively buying back tokens, utilizing 90% of Season 4 fee income for repurchases, with a total of $32 million executed in eight days. This move aims to stabilize the token's price and reduce circulating supply. However, despite these efforts, the token's price continues to decline, sparking frustration among holders. Adding to the mix, Aster announced the "Crystal" airdrop, distributing 96 million tokens (1.2% of supply) with a three-month vesting period. While this is expected to reward long-term holders, concerns about sell-the-news pressure have contributed to the token's bearish trend. Technical indicators also suggest weakness, with the price trading below key moving averages and the MACD histogram showing accelerating downside momentum. The Relative Strength Index (RSI) is at 13.85, indicating oversold conditions. Despite these challenges, Aster's Layer-1 blockchain testnet launch in December 2025 and mainnet rollout in Q1 2026 could enhance scalability and trading privacy, potentially driving future growth. ¹ ² As the crypto market remains volatile, Aster's ability to balance its buyback program, airdrop incentives, and infrastructure upgrades will be crucial in determining its future price trajectory. #Asteroid2024OR1 #CZ $BNB #CryptoTrends2024 #BinanceSquareTalks $BTC #BinanceAlphaAlert
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