Just noticed that Aster is making some big moves—they directly burned half of the tokens repurchased in Season 3, which means 77.86 million $ASTER are gone, amounting to nearly $80 million at current prices.
What's even more interesting is that the repurchase for Season 4 is still ongoing. I checked their publicly disclosed repurchase wallet address, and the operation started three days ago. So far, they've bought back 8.81 million $ASTER, spending $9.13 million USDT, which averages out to $1.036 per token. With this steady pace of repurchasing, it looks like they're serious this season.
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LiquidatorFlash
· 12-05 01:25
Directly burning 77.86 million tokens? That move is definitely aggressive, but the key question is whether they can maintain that collateralization ratio threshold going forward...
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BearMarketSunriser
· 12-05 01:21
Wow, seriously, Aster’s burn this time is pretty intense—$80 million gone just like that, that’s some real commitment.
Wait a minute, an average price of $1.036? Their timing on this buyback was pretty solid.
Throwing money around like this to support the price, they must really want to set an example for the S4 season.
But honestly, with such a big burn, it’s hard to say if the price can really hold up in the short term—it’ll depend on how sustained their efforts are.
Feels like Aster is going for that “money is no object” approach, which is way better than those projects that just talk and do nothing.
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ThesisInvestor
· 12-05 01:20
Wait, that's not right. Burning $80 million worth of tokens? Is this to support the token price or do they genuinely believe in their own project?
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LiquidationWatcher
· 12-05 01:20
That's a bold move—destroying half directly. This is really going all in.
Just noticed that Aster is making some big moves—they directly burned half of the tokens repurchased in Season 3, which means 77.86 million $ASTER are gone, amounting to nearly $80 million at current prices.
What's even more interesting is that the repurchase for Season 4 is still ongoing. I checked their publicly disclosed repurchase wallet address, and the operation started three days ago. So far, they've bought back 8.81 million $ASTER, spending $9.13 million USDT, which averages out to $1.036 per token. With this steady pace of repurchasing, it looks like they're serious this season.