ASTER Struggles Below $0.60 Despite Massive 99% Fee Buyback

• Aster repurchased 5.3 million ASTER through a 99% daily fee buyback program.
• Weak buying momentum keeps ASTER below key resistance despite aggressive token buybacks.
• Reclaiming $0.664 could signal stronger demand and a potential bullish reversal.

Aster — ASTER, introduced one of the most aggressive token buyback programs among crypto projects. Nearly every platform fee now supports market purchases. Many expected that strategy to drive stronger price gains. Recent trading, however, tells a different story. ASTER continues hovering near key support despite millions of tokens leaving circulation. Traders now question whether demand can finally overcome persistent selling pressure and fuel a lasting recovery.

Buyback Program Removes Millions of ASTER

Aster DEX changed tokenomics to strengthen long-term value. The protocol now uses 99% of daily platform fees for market buybacks. An equal number of tokens also leave project reserves through regular burns. The first reporting period covered June 29 through July 13. During that stretch, Aster repurchased about 3.08 million ASTER. Another 2.21 million tokens followed between July 13 and July 27.

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