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

Core Insights - Aster completed a major buyback program, burning approximately 78 million ASTER tokens, which is 1% of the total supply [1][8] - The buyback initiative aims to reduce ASTER inflation, but the recent burn did not lead to a significant increase in the token's price [1][4] Group 1: Token Burn and Buyback Program - Aster has conducted three buyback "seasons" since September, removing over 296 million ASTER tokens from circulation [2] - The latest buyback, Season Three, was the largest, concluding with nearly 156 million tokens being bought back [2] - Following the established pattern, half of the tokens from Season Three were burned, while the other half is reserved in time-locked smart contracts for future airdrops [3] Group 2: Market Reaction and Price Dynamics - Initially, after the burn, ASTER's price rose from $1.02 to a peak of $1.05, but this increase was not sustained, and the price reverted to around $1.04 [4][8] - The market's mixed signals and overall volatility complicate predictions for ASTER's future price movements [5] - The cyclical nature of ASTER burns may lead the market to anticipate these events, similar to the periodic burn schedule of BNB [5][6]