Aster Buyback Wallet Burns 77.86M Tokens as Users Track Market Activity

Aster burned 77.86M tokens, cutting supply and drawing increased market attention.

The burn is part of Aster’s S3 buyback, now exceeding 155M tokens removed in total.

ASTER price held above $1 as traders monitored liquidity and broader crypto stability.

Aster’s market drew attention after its buyback wallet removed 77.86 million ASTER tokens, valued at about $79.81 million, from circulation. The burn arrived during steady overall market activity and prompted closer monitoring of the token’s short-term behavior.

Aster Buyback Wallet Burns 77.86 Million Tokens

Aster confirmed a major supply cut after the buyback wallet burned 77.86 million ASTER tokens worth about $79.81 million. Blockchain tracker Lookonchain posted the update and shared the address used for the burn. The address on Arkham Intelligence showed the completed action and the full amount removed from circulation.

The tokens were sent to an inactive address, and data on the network recorded the burn in real time. This method is common in token supply reduction, and users watched the market as the update appeared during steady trading hours. Several exchanges also showed stable activity, so traders reviewed short-term charts as the news spread.

Aster stated that the burn was part of its ongoing S3 buyback program. The program has now removed more than 155 million tokens in total. A part of the recent transaction also sent tokens to an airdrop-locked wallet, which kept more supply out of the active pool.

Market Watches Trading Ranges After Supply Cut

Trading interest increased after the burn because the reduction affected the circulating pool during active market sessions. Users examined order books to see how the update aligned with recent movement in the token

Some also checked wallet activity after a whale address bought three million ASTER within a single day following a recent loss. Data showed that ASTER remained above the $1.00 support level, and the token traded near $1.03 at the time of reporting. Market cap data placed ASTER at about $2.37 billion

The project recorded rising wallet balances, and holders tracked supply changes while monitoring the broader crypto market. Bitcoin traded above $92,000, Ethereum near $3,100, and XRP above $2, which helped keep market conditions stable as the Aster update gained attention. Users continued tracking ASTER pairs across exchanges to observe liquidity during the next sessions.

The post Aster Buyback Wallet Burns 77.86M Tokens as Users Track Market Activity appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.