Aster DEX's $28M Token Repurchase Initiative Gains Momentum in Week of December 8-14

ponzi_poet · 2026-01-05T14:39:47+00:00

Aster DEX invested $28 million in a buyback program, acquiring 29.3 million ASTER tokens at $0.95 each. This strategy aims to stabilize token value by reducing circulating supply, contrasting with other platforms. Current ASTER price is $0.77.

ponzi_poet

2026-01-05 14:39:47

Abstract generation in progress

Recent data sourced from CoinsProbe reveals that Aster DEX channeled approximately $28 million USDT into its Stage 4 buyback program during the December 8-14 period, acquiring roughly 29.3 million ASTER tokens in the process. Executed through the designated on-chain wallet 0x573ca9FF6b7f164dfF513077850d5CD796006fF4, these transactions were priced at an average of $0.95 per token.

Protocol Fee Strategy Drives Token Consolidation

The buyback mechanism represents a strategic shift in how Aster DEX manages its economics. Rather than allowing protocol fees to accumulate passively, the platform has committed a substantial allocation toward actively reducing circulating supply. This approach targets two concurrent objectives: stabilizing ASTER’s token valuation while simultaneously decreasing the total tokens in circulation.

Scale of the Repurchase Program

The $28 million deployment over a single week underscores the protocol’s commitment to this initiative. With 29,312,363.34 tokens secured at $0.95 per unit, the buyback program demonstrates consistent execution capacity. The on-chain transparency of these transactions—tracked through the public wallet address—provides community members with verifiable proof of the repurchase activities.

Current Market Context

It’s worth noting that ASTER’s current market price stands at $0.77, reflecting a shift from the Stage 4 buyback price point. The token maintains a circulating supply of approximately 1.66 billion, positioning the repurchase activity as a meaningful proportion of overall supply dynamics.

The Stage 4 buyback initiative signals Aster DEX’s intent to use financial resources actively in token management, contrasting with platforms that prioritize other capital allocation strategies. Whether this approach sustains upward momentum remains a focal point for community observers tracking the protocol’s execution.

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