Aster's ASTER token jumps 10% on buyback and burn plan but falls amid Fed hawkishness.

Aster's native token ASTER surged over 10% after announcing a major buyback and burn program that uses 99% of daily platform fees to buy back tokens, which are then distributed as rewards to veASTER holders. This move aims to reduce the total token supply from 7.82 billion to a target of 3 billion through bi-weekly burns. However, the rally was short-lived as a hawkish Federal Reserve decision strengthened the dollar and pressured risk assets, causing ASTER to drop about 5% to around 68 cents. The upgrade shifts away from the previous linear vesting model and aligns tokenomics with platform activity, but market conditions remain challenging.