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- ASTER burned 18M tokens, boosting price 11% in one day.
- Coinbase listing news is driving institutional interest.
- Whale accumulation and technical consolidation hint at potential rally.
Aster DEX drives ASTER momentum with aggressive buyback and token burn strategy. Investors eye price action amid Coinbase listing news.
Aster DEX has turned heads in the crypto world after ramping up its buyback rate by 50%, reaching a remarkable $7,500 per minute. The platform also burned approximately 18 million ASTER tokens—worth $39 million—from circulation, a move aimed at tightening supply and stabilizing the market.
The immediate effect was striking. ASTER’s price surged 11% in a single day, briefly hitting $1.16 before settling around $1.13. Market watchers suggest this strategy is not just about short-term gains but positioning ASTER for long-term growth.
Coinbase Listing Boosts Investor Confidence
Adding fuel to the excitement, Coinbase recently included ASTER on its “Listing Roadmap.” A potential spot market launch on one of the largest U.S. exchanges has historically signaled strong institutional interest. Analysts now believe ASTER could attract bigger players, especially as adoption expands and exposure increases.
Technical Outlook Shows Consolidation Before Potential Rally
Despite broader crypto market volatility, ASTER appears to be in a stable phase. According to analyst CryptoBull, the token’s price has been consolidating, showing reduced sensitivity to selling pressure. Historically, corrections of 10–20% were common, but volatility is now subdued.
Technical charts indicate ASTER recently attempted to break a key resistance near $1.17 with high trading volume. Success in surpassing this ascending trendline could trigger a strong “bust and reclaim” rally. Conversely, a drop below $1.05 could push prices down toward $1.00, marking critical support levels.
Whale Activity Signals Growing Interest
Adding intrigue, a well-known PEPE whale, “ThisWillMakeYouLoveAgain,” has been quietly accumulating ASTER. Since early November, the investor purchased 8.41 million tokens for $8.14 million at an average price of $0.97, generating an unrealized profit of $1.1 million. Such activity often hints at confidence in a token’s future trajectory.
Also Read: Why Ripple’s Mastercard Deal Could Be a Game-Changer for XRP Investors
Aster DEX is also broadening its ecosystem. Through a partnership with Alchemy Pay, users can now buy ASTER tokens directly with debit cards, digital wallets, or bank transfers. Additionally, the platform’s Rocket Launch feature continues to support early-stage crypto projects, encouraging liquidity and user engagement.
ASTER’s recent buybacks, token burns, and Coinbase listing news have sparked renewed investor interest. With stable price consolidation, institutional attention, and active whale involvement, ASTER could be positioning itself for a new rally—but key support and resistance levels will determine the next move.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
