$ASTER
In-stock ASTER in-depth insights 20251223 02:00 UTC
Key Points
ASTER's stock price fluctuated, dropping 6.09% over the past six hours, indicating potential downward pressure.
1. Buyback Plan: Aster launched a new buyback plan today, utilizing up to 80% of daily platform fees to buy back ASTER tokens, which is expected to boost demand.
2. Reward Program: The 12 million crystal weekly drop program aims to reduce token emissions and distribute USDF based on trading volume, further supporting token value.
3. Unlocking Risks: Over 268 million significant tokens are expected to be unlocked within the next seven days, potentially creating selling pressure.
Highlights
1. Buyback Plan: Aster today (December 23) initiated the fifth phase of its buyback plan, allocating up to 80% of the platform's daily fees for ASTER token buybacks, with 40% automatically bought back daily and 2040% used for strategic buybacks. This is expected to create sustained buying pressure.
2. Reward Program: The new crystal weekly drop reward program valued at 12 million will reduce token emissions and distribute up to 2 million US dollars based on ongoing trading volume from December 22 to 28, which is expected to enhance demand and alleviate supply pressure.
3. Previous Buybacks: Aster previously bought back approximately 210 million ASTER tokens, including 53 million in the fourth quarter, accounting for 0.65% of the total supply, demonstrating its proactive management of tokens to support value historically.
Risks
1. Large-scale Unlocking: Data from Tokenoist shows that over 268 million tokens, including ASTER, will experience significant linear unlocking in the next seven days, which may create selling pressure in the market.
2. Price Decline: The price has dropped 6.09% over the past six hours, from 0.733 to 0.689, indicating a recent bearish trend and further decline potential.
3. MACD Crossover: The MACD line has crossed below the signal line, resulting in a negative MACD histogram value of 0.00206514, which is typically regarded as a bearish signal.
Community Sentiment
1. Bullish Sentiment: There is a general belief that Aster's newly launched buyback plan, which allocates up to 80% of daily buyback costs, is a positive development for the tokens.
