ASTER jumps 20% as platform commits 99% of fees to daily token buybacks and supply cuts.

ASTER surged over 20% after Aster announced a new tokenomics plan dedicating 99% of platform fees to daily ASTER token buybacks and large-scale supply reductions. The protocol aims to reduce the total token supply from 8 billion to 3 billion by burning tokens from reserve holdings daily. Instead of destroying bought tokens, they will be distributed as rewards to stakers, linking trading activity directly to buybacks and rewards. Technical indicators turned bullish with ASTER breaking above $0.65 and approaching resistance near $0.81, signaling potential further gains if it breaks this level.