ASTER Token Faces Volatility After Strategic Buyback Launch and $1M Daily Unlocks on Binance

In the past 24 hours, ASTERUSDT has experienced a price decrease of 3.71%, trading at $0.623 on Binance. The decline is primarily attributed to the launch of Aster's strategic buyback program—allocating 20–40% of daily platform fees for repurchasing ASTER tokens—which initially triggered selling pressure, amplified by concurrent daily token unlocks exceeding $1 million in value and increasing circulating supply. Market participants responded to these developments with substantial trading activity; Binance reported a 24-hour volume of 75.77 million USDT for ASTER/USDT. Despite the buyback initiative aiming to reduce supply and support price, the immediate effect has been notable volatility as the market absorbs new unlocked tokens. Aster remains an active decentralized exchange across multiple blockchains, ranked #40 by market cap on Binance with a current capitalization of $1.66 billion.