Aster Burns 1% of Token Supply—Fails To Move the Market

The latest ASTER burn removed 1% of tokens from circulation. Credit: Jens Mahnke via Pexels. Key Takeaways Around 78 million ASTER tokens were burned just after midnight (UTC) on Friday morning. Another 78 million ASTER was locked away. Despite reducing its overall supply by 1%, the burn failed to boost ASTER’s price. Upon completing a major buyback program, Aster burned around 78 million ASTER early Friday, equivalent to 1% of the total token supply. Periodic buybacks and disposals are intended ...