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

Protocol Fundamentals
17 Jun 2026
Crypto news
View Source
Bullish
pluang ai news

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.

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

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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 s...

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