On December 22, ASTER price spiked following a recent announcement from the team behind the project, revealing the Stage 5 Buyback Program that offers structured support for the token. Meanwhile, Binance's founder, who revealed buying ASTER last month, is still down on his holdings.
Aster is a perps DEX supported by YZI Labs and CZ.
ASTER Price Action on December 22
At the moment of writing this article, ASTER is trading at $0.73 with a market cap of over $1,82 billion, up by 1.6% in the past 24 hours.
ASTER's market cap surged from $1,71 billion on December 21, reaching current levels today. The digital asset's move upwards was fueled by an announcement about a buyback program that will strengthen support for ASTER.
ASTER's Stage 5 Buyback Program
The team behind Aster revealed on X that it's implementing a systematic buyback program designed to:
- Boost ASTER tokenomics
- Create sustainable value for the community
The buyback program will debut on December 23, and Aster will allocate up to 80% of daily platform fees toward ASTER buybacks as follows:
- An automatic daily buyback (40% fees) will be executed automatically, offering strong onchain support and gradual supply reduction for a predictable foundation for ASTER's value
- A strategic buyback reserve (20%-40% fees) will be allocated for targeted buybacks based on market conditions; the reserve will offer the project flexibility to respond to volatilty and boost value creation when possible
The team at Aster highlighted that transactions are fully onchain and verifiable, and more updates on execution will follow.
Meanwhile, while ASTER price recorded a modest spike today, the digital asset still has a long way to go until it reaches a new ATH. ASTER reached its previous ATH at $2.42 on September 24.
Binance's founder, CZ, who was a strong supporter of the token, also disclosed buying ASTER last month, and he's still down on his position.
CZ, Still Down on His ASTER Holdings
On November 2nd, CZ revealed that he bought ASTER via Binance when the price was approximately $0.91. Back then, following his announcement, ASTER pumped by 11% in 24 hours.
According to the disclosure, CZ had almost 2,096 million ASTER tokens worth over $1,9 million. However, at today's price, CZ's holdings are worth over $1,52 million. CZ is down by around $400,000 on his ASTER position, a loss of almost 20% since his previous holdings disclosure.
However, if the bulls return to the crypto market in 2026, ASTER and other digital assets could see price rallies.
