Aster News Today: Aster's Repurchases Boost Market Liquidity, Intensifying Token Rally Sparked by CZ Pardon
- Aster DEX, backed by CZ, plans to allocate 70-80% of S3 fees to ASTER token buybacks to boost investor confidence amid a 15% price surge. - The rally followed CZ's presidential pardon and the launch of Rocket Launch campaigns, which incentivize trading with ASTER and project-specific token rewards. - Buybacks are funded by campaign fees, creating a liquidity-token value feedback loop, though DefiLlama recently delisted Aster over wash trading concerns. - Technical indicators show mixed signals, with ASTE
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 $1.16 serving as immediate resistance. The relative strength index (RSI) at 65 points to growing momentum, but short-term signals like MACD and EMA still indicate selling pressure, suggesting possible volatility if trading volume decreases, as noted by
Aster’s buyback plan reflects a wider industry pattern, with companies such as TOMRA and Arcadis also launching share repurchase initiatives to boost shareholder returns, according to
Despite the positive outlook, some concerns remain. DefiLlama recently removed Aster’s perpetual trading volume data, citing worries about possible wash trading inflating the numbers, as reported by DL News. The platform’s ability to remain transparent and keep trading activity robust will be key to maintaining its edge over rivals like Hyperliquid.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Updates: The Contrasting Sides of Crypto—MoonBull Achieves 9,256% Returns While Ethereum Faces Challenges
- MoonBull ($MOBU) gains attention with 9,256% ROI potential, outperforming DOGE/SHIB via high staking yields and controlled supply. - Ethereum faces mixed signals: Fusaka upgrade aims to boost scalability but price drops 6.5% in October amid accumulation by large holders. - Bitcoin sees $20M inflows amid U.S.-China tensions but struggles to maintain "Uptober" momentum near $111,300. - Market duality emerges as speculative tokens like $MOBU contrast with Ethereum/BTC's macroeconomic challenges and geopolit
Hyperliquid News Today: With PING Soaring, Crypto Analysts Caution Against Hype Outpacing Real Value
- A 0xe688 address earned 759% profit ($675,000) in two days via PING token trades, highlighting extreme crypto volatility. - PING's surge drove x402 protocol's 8,218% 7-day trading volume spike, with Coinbase-backed infrastructure attracting 31,000 new buyers. - Analysts warn PING lacks utility as speculative hype mirrors 2023 BTC Ritual Mania, with CoinCodex predicting 24.8% price drop by 2025. - Institutional adoption of x402 by Questflow and Kite AI contrasts with liquidity/regulatory risks, as PING's
XRP News Today: Institutional Interest in XRP: Steering Through Market Fluctuations and Regulatory Challenges Toward a Potential 2026 Surge
- XRP gains institutional traction in 2025 via ETF adoption, derivatives growth, and $100M+ AUM for first U.S. spot XRP ETF (XRPR). - CME XRP derivatives exceed $26.9B notional volume, while Ripple's SEC litigation wins boost regulatory confidence and institutional demand. - Long-term forecasts predict $5.36 by 2025 and $23.24 by 2031, driven by cross-border payment adoption and CBDC integration. - Short-term volatility persists with $2.40 price dip, but bullish 4-hour chart patterns and supply-reduction s
Bitcoin News Update: Crypto Recovery After Crash: Risky Presale Opportunities or Institutional Investment?
- Post-crash crypto rebound sees investors favoring projects with strong fundamentals and high-growth presales like BullZilla, Blazpay, and DeepSnitch AI. - Ethereum rebounds to $3,941.73 amid institutional confidence in Layer-2 upgrades and DeFi dominance, while BNB surges 6% post-CZ pardon. - High-risk presales offer asymmetric returns: $100 in DeepSnitch AI could yield $10,000 if token hits $2 post-launch. - Bitcoin Hyper aims to enhance Bitcoin's scalability via Solana integration, raising $24.4M for Q
Trending news
MoreCrypto prices
More
