Aster News Today: Aster's Repurchases Boost Market Liquidity, Intensifying Token Rally Sparked by CZ Pardon
Aster, a decentralized exchange (DEX) supported by Binance founder Changpeng Zhao (CZ), has revealed intentions to dedicate 70-80% of its S3 fee earnings to
Launched on October 23, the Rocket Launch program enables traders to collect rewards by fulfilling certain trading and holding criteria during the campaign period. Each event combines ASTER buybacks with project-specific tokens to form reward pools, which are distributed proportionally based on user participation, as reported by
The recent price increase coincided with U.S. President Donald Trump granting a pardon to CZ, who had completed a four-month sentence in 2024 for breaking U.S. banking regulations. This news, covered by
From a technical perspective, Aster is consolidating near $1.14, with the upper Bollinger Band at $1.16 serving as immediate resistance. The relative strength index (RSI) at 65 points to growing momentum, but short-term signals like MACD and EMA still indicate selling pressure, suggesting possible volatility if trading volume decreases, as noted by
Aster’s buyback plan reflects a wider industry pattern, with companies such as TOMRA and Arcadis also launching share repurchase initiatives to boost shareholder returns, according to
Despite the positive outlook, some concerns remain. DefiLlama recently removed Aster’s perpetual trading volume data, citing worries about possible wash trading inflating the numbers, as reported by DL News. The platform’s ability to remain transparent and keep trading activity robust will be key to maintaining its edge over rivals like Hyperliquid.
