Aster DEX Initiates Buybacks as $ASTER Declines

Aster DEX has launched an automated buyback program, directing 20-40% of daily platform fees to repurchase $ASTER from its reserve wallet. This expands an earlier initiative, allowing up to 80% of fees to support the token. The move comes as $ASTER tumbled 12% to $0.63, triggered by Bitcoin’s drop from $95,400 to $92,000 and a broader altcoin sell-off. While traders reacted with surprise, bulls view the buybacks as a strategic tool to shrink supply and stabilize the token.

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