In an astounding milestone for the Aster community, the decentralised trading platform has announced the completion of its S3 token buyback. The move underscores the project’s commitment to strengthening its tokenomics and restoring market confidence.
Executed entirely on-chain, this strategic initiative is part of Aster’s ongoing efforts to stabilise its market price and reduce circulating supply, ultimately fostering a more sustainable ecosystem. With the repurchased tokens now set to be transferred to the address used for the previous s2 buyback, the stage is being set for the highly anticipated s3 airdrop.
As the cryptocurrency market continues to evolve, Aster’s proactive approach to managing its token supply and rewarding its community is a testament to the project’s dedication to innovation and transparency. With the airdrop poised to commence once all buybacks are finalised, holders and enthusiasts alike are eagerly awaiting the next chapter in Aster’s journey towards a more robust and resilient financial ecosystem.
Aster Provides Update on S3 Buyback and Airdrop
In a recent X post, Aster announced that all S3 buybacks would be executed fully on-chain. The repurchased tokens would be transferred to the same address used for the S2 buyback once the buyers were concluded. The post read, “All S3 buybacks will be executed fully on-chain. Once concluded, the repurchased tokens will be transferred to the same address used for the S2 buyback.”
The company further stated that the S3 airdrop would commence after all S3 buybacks were completed, with tokens being distributed directly from the buybacks address. In cases where the address balance was insufficient, the remaining amount would be unlocked from the airdrop allocation to fulfil the airdrop. Aster stated,
“The S3 airdrop will begin after all S3 buybacks are completed. For the S3 airdrop, tokens will first be distributed directly from the buyback address. If the address balance is insufficient, the remaining amount will be unlocked from the airdrop allocation to complete the airdrop.”
Notably, Aster had previously announced that 70% to 80% of its Q3 trading fees would be allocated to the token repurchasing program. Following the Q3 end, the team published the buyback results, and in line with their strategy, they had redirected a substantial portion of platform revenue toward token repurchases to reduce circulating supply and support sustainable price growth. The flexible structure has allowed the project to respond dynamically to changing market trends, and future airdrops and repurchase rounds were expected to follow in subsequent quarters.
How Does ASTER Price React to This Development?
As of press time, the token is trading at $1.10, marking a notable uptick of 2.5% in a day. However, the crypto is down by about 6.2% and 38% over the past week and month, respectively.
The Aster price has currently formed a double bottom pattern around the $1.04 support level, a key technical structure that indicates a potential reversal. This level is further strengthened by the convergence of the value area low and the 0.618 Fibonacci retracement, creating a string confluence zone that has historically drawn in buyers. The presence of notable demand at current prices suggests that Aster may be poised for a rebound after a prolonged correction.
With Aster token holding steady above the $1.04 level, traders are watching for a decisive close above the point of control to gauge momentum. A confirmed breakout could spark a rally to $1.20, in line with the double bottom’s projection target. While technical indicators suggest a potential reversal, a surge in volume would be needed to validate the breakout and confirm a shift in market sentiment.
