Aster unveiled its Stage 6 buyback program and committed up to 80% of daily platform fees to ASTER repurchases.
By Parth Dubey
Editor Hamza Tariq
Updated
3 mins read
Aster ASTER $0.59 24h volatility: 6.6% Market cap: $1.46 B Vol. 24h: $186.69 M has announced the launch of its Stage 6 buyback program aimed at reducing ASTER supply and supporting on-chain demand.
The update comes as the project’s leadership publicly addressed market rumors and holder concerns.
Starting February 4, Aster will use up to 80% of its daily platform fees toward ASTER buybacks.
According to the team, the program is designed to provide consistent and transparent support through on chain execution.
Stage 6 Buyback Program: Continued Structured Support for $ASTER
Starting February 4, 2026, Aster will allocate up to 80% of daily platform fees toward $ASTER buybacks:
Automatic Daily Buyback (40% of fees)—Executed automatically each day, providing consistent on-chain support…
— Aster (@Aster_DEX) February 3, 2026
Under the new structure, 40% of daily fees will be used for an automatic buyback that runs every day without manual intervention.
These transactions are executed through a dedicated wallet to provide steady supply reduction over time.
An additional 20% to 40% of daily fees will be allocated to a strategic buyback reserve.
This portion allows the team to buy tokens based on market conditions and gives flexibility during higher volatility periods.
Aster stated that all buyback transactions are publicly verifiable on chain and that execution updates will be shared regularly.
The project has already bought back 254 million ASTER and burnt 78 million tokens. Another 78 million ASTER are relocked into the airdrop allocation.
The team plans to burn remaining bought back tokens to further reduce circulating supply, which currently stands at 2.57 billion ASTER.
In a recent post on X, Aster CEO Leonard responded to claims surrounding the project and its backers.
He stated that Aster operates independently and is not controlled by Binance or its affiliates, despite CZ serving as an advisor and Yzi Labs being a long term investor.
Recent allegations circulating on social media claimed that Aster was backed, directed, or indirectly operated by Binance.
Some posts suggested the project acted as a Binance proxy or benefited from special token allocations and exchange support to influence price.
Addressing ongoing FUD
There are some allegations swirling around regarding Aster and the team that are simply factually incorrect. These accusations are made without any evidence to deliberately sway public opinion with malicious intent. I'm addressing these allegations not…
— Leonard 💛 Aster (@Leonard_Aster) February 3, 2026
Leonard acknowledged frustration among holders due to recent poor performance of ASTER’s price and said the team is working to improve market structure.
He noted that token emissions and buybacks follow published tokenomics.
The team plans to slow future supply growth by making Stage 6 the final trading airdrop. It also aims to pause the monthly 1% token unlock until staking goes live.
Product plans include deeper liquidity, expanded asset listings, a privacy focused layer 1 launch targeted for March.
The buyback announcement coincided with a rise in ASTER’s market price. At the time of writing, the token is trading near $0.59, up around 6.5% over the past 24 hours.
ASTER has been trading within a falling wedge pattern on the daily chart since October.
According to ZAYK Charts, a breakout from this structure could lead the token to the $1.25 level if momentum continues.
$ASTER Falling Wedge Formation in 1D Timeframe✅
Incase of Breakout,Expecting Bullish Wave📈#ASTER #ASTERUSDT pic.twitter.com/hVCu4ziVmV
— ZAYK Charts (@ZAYKCharts) February 3, 2026
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.