Aster's ASTER Token Surges 10% on Buyback News, Then Fades After Hawkish Fed
Aster's native token ASTER saw a sharp two-way volatility on Wednesday, initially surging over 10% to an 8-month high of $0.80 after the protocol announced a new tokenomics upgrade. The initiative commits 99% of daily platform fees to an automated buyback program, with all purchased tokens distributed as rewards to veASTER holders. Additionally, every buyback triggers an equal token burn from the protocol's reserve, reducing total supply from 7.82 billion toward a target of 3 billion. This upgrade replaces the previous linear vesting model that ended in January 2026. However, the bullish momentum faded later in the day as the Federal Reserve's hawkish policy stance strengthened the U.S. dollar and weighed on risk assets, including cryptocurrencies. As of press time, ASTER traded around $0.68, down 5% on the day.
Key facts
- ASTER surged over 10% to $0.80 after announcing a buyback and burn program.
- Protocol commits 99% of daily platform fees to automated token buybacks.
- Bought tokens are distributed as rewards to veASTER holders.
- Every buyback triggers an equal burn, targeting 3 billion total supply.
- Price fell to $0.68 after hawkish Fed meeting pressured risk assets.