Quickly summarize the repurchase and destruction operation on December 5, $ASTER 👇👇
💰Repurchase scale:
The official announcement states that the S3 repurchase totaled 155,720,656 ASTER. Of these, 50% (77,860,328) have been permanently destroyed, and the remaining 50% (77,860,328) have been transferred to a locked address.
- ✅ 77,860,328 ASTER have been sent to the on-chain zero address 0x000…dEaD for destruction.
- ✅ Another 77,860,328 ASTER have been transferred to the officially announced locked address 0xE8c3e6559513eEbAc3e05fd75c19a17F4A51A892.
📈 Short-term price impact:
On the announcement day (December 5), the price briefly surged to about $1.05 but quickly fell back, closing at around $0.985. This indicates that the positive news has been absorbed by the market, and there is no further capital to drive the price up. The next day, the price continued to drop by about 1.7%, with a significant decrease in trading volume (down about 21%), showing no signs of support from the bulls. The positive news did not lead to sustained increases, and the price is still oscillating within a weak structure, with bearish forces dominating.
📢 Community feedback:
- 👍🏼 Community attention has increased, and there is a general belief that large-scale destruction and lock-up are favorable for long-term prices.
- 👍🏼 A whale bought about 3M ASTER within 24 hours, leading to a slight warming of short-term sentiment.
- 👎🏼 The top 100 addresses hold about 85% of the tokens, with too low liquidity, significantly weakening the effect of destruction.
- 👎🏼 Previous repurchase/destruction actions did not lead to sustained increases, so this time might be the same.
- 👌🏼 The project’s execution capability and transparency are recognized, but it is not believed that “destruction” itself can lead to immediate significant price increases.
👀 Medium to long-term supply and demand structure impact:
Burning coins can add value, but what truly determines whether ASTER can experience long-term growth is whether the ecosystem continues to grow. This remains to be seen.
