ASTER Token Slides 3.13% Despite $1M Unlocks and Enhanced Buyback Program Activation

ASTERUSDT experienced a 3.13% decline over the past 24 hours, with its price falling from 0.639 to 0.619 on Binance, largely driven by bearish market sentiment, substantial daily token unlocks exceeding $1 million in value, and downward pressure from the broader cryptocurrency market, including a recent drop in Bitcoin. Despite the activation of Aster’s enhanced buyback program—which now allocates up to 80% of daily platform fees for on-chain token repurchases—the price continued to face resistance, reflecting limited immediate impact from buy-side pressure. Currently, ASTERUSDT is trading near 0.619, with significant market activity indicated by high daily spot and futures volumes, and maintains a market capitalization of approximately $1.66 billion with 2.65 billion tokens in circulation.