Aster Launches Stage 6 Buyback, CEO Responds to Market Doubts as Token Gains 6.5%

3 hours ago by · 3 mins read
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Aster unveiled its Stage 6 buyback program and committed up to 80% of daily platform fees to ASTER repurchases.

Aster ASTER $0.57 24h volatility: 1.0% Market cap: $1.41 B Vol. 24h: $189.22 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.

Related article: Hyperliquid Announces Support for ‘Outcomes’ Prediction Market Contracts

According to the team, the program is designed to provide consistent and transparent support through on chain execution.

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.

Aster CEO Addresses “Ongoing FUD”

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.

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.

ASTER’s Price Reacts to Buyback Update

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.

Maxi Doge Presale Raises Over $4.56M

Maxi Doge (MAXI) continues to gain traction as interest grows around early stage crypto projects. The gym themed token has raised more than $4.56 million so far in its ongoing presale.

The project draws inspiration from fitness culture and active trading. It is supported by the Maxi Fund, a dedicated pool designed to support liquidity and partnership development. Early buyers can stake their tokens for an annual return of 68%.

Tokenomics of Maxi Doge

  • Current Price: $0.0002802
  • Funds Raised So Far: $4.56M
  • Staking APY: 68%

MAXI holders are also able to join trading focused discussions, take part in weekly competitions, and engage in themed community challenges.

Check out our guide on how to buy Maxi Doge if you want to be a part of the presale.

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