Aster DEX used 99% of its platform fees to buy back 2.721 million ASTER over two weeks, while also burning an equivalent amount of tokens from the team allocation. However, ASTER's price has yet to break out of the $0.60–$0.78 range.

Aster DEX, a decentralized exchange initially built on BNB Smart Chain, is seeing significant token buyback and trading activity. Price movements should be assessed against technical levels, while the purpose of some Binance transactions remains unclear.

KEY CONTENT

• The total amount of ASTER burned across all programs has exceeded 210 million tokens.

• A large wallet accumulated an additional 899,900 ASTER from Binance and transferred its holdings to a staking address.

• $0.78 is the resistance level that needs to be broken; $0.60 remains the support zone.

ASTER needs to break above $0.78 to confirm a bullish signal

ASTER needs to break above both the symmetrical triangle’s trendline and the horizontal resistance at $0.78 to confirm a bullish signal. If it fails to clear these levels, a return to the $0.60 support remains possible.

ASTER has traded in the $0.60–$0.78 range since early February. Over the past two months, the price has formed a symmetrical triangle within this consolidation range, making its reaction at the boundaries worth watching.

Price level or indicator Recorded data Significance in the analysis Trading range $0.60–$0.78, since early February Price has not broken out of its sideways range Symmetrical triangle Formed over the past two months Reaction at the trendline should be monitored Horizontal resistance $0.78 A level that needs to be broken along with the trendline to confirm a bullish signal Support $0.60 A price zone that could be retested if no breakout occurs MACD Indicator bars show selling pressure weakening Selling pressure is easing CVD Small buy volume of around 24,170 ASTER Indicates a limited return of buying interest

Source: ASTER/USDT on TradingView

MACD and CVD indicate an improvement in the balance between buying and selling, but the price remains within its consolidation range. Token buybacks have therefore not yet been accompanied by a confirmed breakout on the chart.

How are ASTER buyback and burn mechanisms reducing supply?

Aster DEX uses 99% of platform fees to buy back ASTER for staking participants, while burning an equivalent amount from the team’s allocation. The total amount of tokens burned across all programs has exceeded 210 million ASTER.

Over two weeks, Aster DEX bought back 2.721 million ASTER and burned an equivalent amount from the team’s token allocation. The total amount bought back and burned was reported at around 5.443 million ASTER; this figure does not mean that all of it was burned.

Category Figure Scope or period Fee share used for buybacks 99% Over the two-week period reported ASTER bought back for stakers 2.721 million ASTER Over two weeks Tokens burned from the team allocation Equivalent to the amount bought back During the same two-week period Total bought back and burned Around 5.443 million ASTER Over two weeks Tokens burned after the tokenomics upgrade More than 32.30 million ASTER Since June 17 Tokens burned across all programs More than 210 million ASTER Cumulative Total supply after the permanent reduction 7.78 billion ASTER After the cumulative burns noted above

Source: BscScan

ASTER flows from Binance have not clarified the purpose of the transactions

A large wallet accumulated more ASTER from Binance, while Binance transferred tokens to Aster_DEX’s deposit wallet. It is currently unclear whether the transfers to the deposit wallet are for market making, use as collateral, or preparation for a sale.

Activity ASTER amount Reported value Time or destination Large wallet accumulation from Binance 899,900 $631,000 Over 24 hours Large wallet’s total holdings after accumulation 2.90 million Not stated Transferred to a staking address Binance transfer to Aster_DEX deposit wallet 9 million $6.30 million Recent recorded transaction Total transfers along the same Binance–Aster_DEX route 30 million $21 million Over one month

Source: Arkham

The transactions show large-scale token movements, but are not enough to determine the parties’ buying or selling intentions. Token flows back to Binance are worth monitoring to clarify the purpose of transfers to Aster_DEX.

Summary

ASTER is seeing buybacks, token burns, and accumulation by large wallets, while the purpose of transfers from Binance to Aster_DEX remains unclear. The price continues to trade within the $0.60–$0.78 range; breaking above the trendline and the $0.78 resistance remains necessary to confirm a bullish signal.

Source: https://tintucbitcoin.com/aster-dot-hon-210-trieu-token-vi-sao-gia-chung-suot-8-thang/

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