The fifth round of the Aster DEX token buyback plan is underway. As scheduled, the platform will allocate 80% of the transaction fee income plus all net profits from the newly launched shield mode to buy back ASTER tokens. As of now, the buyback scale has reached 566,000 tokens, amounting to approximately $399,000.



It sounds spectacular, but the reality is a bit heartbreaking. Despite the team's efforts in deflation, the ASTER Token still cannot withstand the selling pressure. Data shows that the buy-sell spread has reached a negative 890,000 coins, with large holders dumping 17 million tokens within 24 hours. This level of selling directly reflects the market's concerns about the project's future performance.

The technical outlook is not optimistic either. The current trading price of ASTER has fallen below the main moving averages, forming a clear bearish trend. Unless the daily line can stabilize above the key position of $0.83, the risk of continuing to dip to $0.60 is considerable. From the chart, there is a lack of clear rebound signals in the short term, and market sentiment is still somewhat cold.
ASTER1,65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
zhengvip
· 12-24 07:09
According to the project plan: *100% of income: 80% planned for buyback, 20% withheld *80% buyback: actually 40% used for automatic buyback, another 40% withheld for reserves *Then another 40% automatic buyback: actually 20% used for destruction, another 20% withheld for airdrops *So, in fact, destruction only accounts for 20% of the income *Finally, 20% destruction: currently only about 200,000 USDT per day is used for destruction. That’s the current situation. *And currently, each month, about 1% of tokens need to be unlocked, which is roughly 80 million tokens, while only about 200,000 USDT worth of destruction is carried out daily. Calculations show that: destroying 6 million USDT per month compared to unlocking 80 million tokens per month, the unlocking amount is more than 10 times the destruction amount! And this process is expected to continue until mid-2027! In addition, there is still a massive bomb of 3.5 billion tokens waiting to be unlocked! Think about it, really think about it… Note ⚠️ On 12.23, buyback amount was 400,000 USDT, corresponding destruction amount is 200,000 USDT On 12.24, buyback amount was 320,000 USDT, corresponding destruction amount is 160,000 USDT And this month, the unlock amount is 78.4 million tokens!!
View OriginalReply0
AirdropCollectorvip
· 12-23 18:01
No matter how fierce the buyback is, it can't stop Large Investors from doing a Rug Pull, this is ridiculous. --- With buybacks and deflation, how come the price has fallen like this? It's a bit ironic. --- 560,000 pieces sound like a lot, but throwing out 17 million in one day... how do you calculate that? --- If 0.83 can't hold, it really has to fall to 0.6, this thing is in trouble. --- The team is desperately buying back, yet the market still crashes, which shows that no one has confidence. --- The trading difference is a negative 890,000, this data is really heartbreaking. --- There are no rebound signals at all, don't expect anything in the short term. --- It seems that this deflation tactic can't even be played anymore. --- The net profit from the shield mode can't save ASTER either. --- With such heavy selling pressure, what's the use of buybacks? It's ultimately a losing asset.
View OriginalReply0
LostBetweenChainsvip
· 12-23 18:00
The buyback is so aggressive that it's actually causing dumping, which is just making things fall further. Large Investors are dumping crazily, who can withstand this? If it can't break 0.83, it's done, feels like it needs to continue to probe the bottom. The buyback is an eyewash, just using transaction fees to inflate a bubble. This is a typical case of Favourable Information causing dumping, where's the promised deflation?
View OriginalReply0
ser_ngmivip
· 12-23 17:59
No matter how much you buy back, you can't withstand the Large Investors dumping, it's just a vicious cycle. No matter how hard the team tries, it's useless; the retail investors have all run away. Can't even hold 0.83, forget it, just head straight for 0.6. The difference in buying and selling is so large, indicating that no one is optimistic. What deflation, it would be better to just issue a Dividend directly. 17 million coins dumped in a day, how much do they look down on the project. Using the transaction fees for buybacks, lifting themselves up, it's laughable. The technical aspect is a complete mess, I really don't understand what else there is to look forward to.
View OriginalReply0
AirdropF5Brovip
· 12-23 17:55
No matter how much is repurchased, it’s futile; Large Investors run away faster than the team burns money... --- I've seen this trick many times, deflation expectations pump, but in the end, it’s just a mess. --- 890,000 difference in buy and sell? Wake up everyone, this is playing people for suckers. --- If it can’t hold 0.83, it will head straight for 0.6, I bet five bucks it will break next week. --- Shield mode? Sounds like another new trick for playing fresh meat. --- When Bitcoin rises, it falls; when Bitcoin falls, it falls even more. What a garbage coin. --- 17 million coins dumped, this move... probably a VC cashing out. --- What rebound signals are you still expecting? The chart is right there, short positions going straight down.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt