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Aster burns $1.74M tokens as price hits two-week high, flipping $0.6 resistance to support amid rising demand.

Protocol Fundamentals
11 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

Aster's token price rose to a two-week high of $0.607, flipping the $0.6 resistance level into support, driven by a 49% increase in trading volume to $56 million. The Aster team burned 2.85 million tokens worth $1.74 million, pushing total burns to nearly 189 million tokens, which reduces supply and may boost price. Despite a slowdown in token buybacks due to low ecosystem revenue, positive USD inflows and increased market demand have supported the price recovery. If demand continues, ASTER could hold above $0.6 and aim for gains beyond $0.64.

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