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Reading: Aster jumps 20 percent as 99 percent buyback plan unveiled
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COINTURK NEWS > Aster > Aster jumps 20 percent as 99 percent buyback plan unveiled
Aster

Aster jumps 20 percent as 99 percent buyback plan unveiled

In Brief

  • 🚀 $ASTER soared over 20 percent after a game-changing buyback update.

  • 💡 Aster will use 99 percent of daily platform income to buy back $ASTER.

  • 📉 Every token bought is matched by a burn from reserves, targeting a new 3 billion cap.

Ömer Ergin
Ömer Ergin 3 hours ago
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On June 17, 2026, Aster rolled out a sweeping tokenomics overhaul for its native asset ASTER, triggering a surge of more than 20 percent in the coin’s price within 24 hours. The protocol announced that it will allocate 99 percent of daily platform revenue to repurchase ASTER on the secondary market.

Contents
Automatic buyback and burn mechanismSupply target and reward distributionMarket reaction and technical outlook

Automatic buyback and burn mechanism

According to the details shared, all buybacks will be executed automatically using the time-weighted average price (TWAP) method. Transaction records will be kept fully on-chain, and the relevant wallet address has been made publicly available, supporting community verification. As a decentralized finance protocol, Aster aims to restructure the incentive scheme surrounding ASTER with this new approach.

Mini glossary: The time-weighted average price method spreads large purchases over time instead of executing them at once. This approach seeks to limit sharp price swings and balance transaction costs.

As of June 17, Aster stated that 99 percent of daily platform fees will be dedicated to ASTER buybacks, and for each token purchased on the market, an equivalent amount will be permanently burned from reserves.

A standout feature of this model is that for every ASTER bought back on the market, an equal number of tokens will be permanently burned from the project reserves. In the initial phase, token burns will focus on team allocations. The protocol describes this model as creating a combined deflationary impact of 198 percent in total.

This strategy is designed to reduce circulating supply through buybacks while bringing total supply down via permanent burns. According to Aster, token burns will take place biweekly and continue until the maximum supply decreases from 8 billion to 3 billion ASTER.

Supply target and reward distribution

As of June 17, total supply stood at approximately 7.82 billion tokens, while circulating supply was between 2.68 and 2.70 billion. All ASTER collected through buybacks will be transferred into the Loyalty Rewards pool.

Each reward period will guarantee a minimum distribution of 300,000 ASTER. In addition, any tokens accumulated via buybacks during that period will be added to the total rewards. These distributions will be proportional to veASTER holders based on their token lock-up weights.

Further buy-side pressure will come from the listing mechanism on Aster Spot. The entire 50,000 USDT fee collected for each unrestricted token listing will also be allocated to the same buyback infrastructure.

Market reaction and technical outlook

Following the announcement, ASTER price briefly approached $0.80 before retreating slightly amid profit-taking. Most recently, the token traded around $0.74, registering a daily gain of about 13 percent.

On the daily chart, ASTER broke above the $0.65 barrier that had persisted since April. Technical indicators show a Relative Strength Index climbing above 65, and a positive signal emerging on the MACD. In the near term, resistance around $0.81 stands out as a crucial level. Surpassing that could send the price into zones not seen since late 2025, while any pullbacks may find support at $0.65.

You can follow our news on X, Telegram, Facebook & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 18 June, 2026 - 1:05 pm 18 June, 2026 - 1:04 pm
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