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Aster News Today: Aster's Repurchases Boost Market Liquidity, Intensifying Token Rally Sparked by CZ Pardon

Aster News Today: Aster's Repurchases Boost Market Liquidity, Intensifying Token Rally Sparked by CZ Pardon

Bitget-RWA2025/10/24 13:18
By:Bitget-RWA

- Aster DEX, backed by CZ, plans to allocate 70-80% of S3 fees to ASTER token buybacks to boost investor confidence amid a 15% price surge. - The rally followed CZ's presidential pardon and the launch of Rocket Launch campaigns, which incentivize trading with ASTER and project-specific token rewards. - Buybacks are funded by campaign fees, creating a liquidity-token value feedback loop, though DefiLlama recently delisted Aster over wash trading concerns. - Technical indicators show mixed signals, with ASTE

Aster, a decentralized exchange (DEX) supported by Binance founder Changpeng Zhao (CZ), has revealed intentions to dedicate 70-80% of its S3 fee earnings to

token repurchases, with the precise percentage depending on prevailing market dynamics. This move is designed to strengthen investor trust following a recent 15% price jump, which has been attributed to both CZ receiving a presidential pardon and the rollout of Aster's Rocket Launch campaign. The campaign encourages early involvement in up-and-coming crypto projects, according to .

Launched on October 23, the Rocket Launch program enables traders to collect rewards by fulfilling certain trading and holding criteria during the campaign period. Each event combines ASTER buybacks with project-specific tokens to form reward pools, which are distributed proportionally based on user participation, as reported by

. The inaugural campaign featured $200,000 in ASTER incentives, requiring participants to keep minimum balances in both Spot and Perpetual accounts and reach specified trading volumes across eligible pairs, according to the Yahoo Finance report. This approach supports Aster’s broader mission to maintain ongoing liquidity and community involvement, setting it apart from conventional single-use token launchpads.

Aster News Today: Aster's Repurchases Boost Market Liquidity, Intensifying Token Rally Sparked by CZ Pardon image 0

The recent price increase coincided with U.S. President Donald Trump granting a pardon to CZ, who had completed a four-month sentence in 2024 for breaking U.S. banking regulations. This news, covered by

, pushed Aster’s token price up more than 20% in a single day to $1.07, while Binance’s BNB token climbed 5%. CZ’s vocal support for Aster’s hybrid DEX model—which merges centralized and decentralized liquidity—has further enhanced the platform’s reputation as a next-generation exchange, according to Yahoo Finance.

From a technical perspective, Aster is consolidating near $1.14, with the upper Bollinger Band at $1.16 serving as immediate resistance. The relative strength index (RSI) at 65 points to growing momentum, but short-term signals like MACD and EMA still indicate selling pressure, suggesting possible volatility if trading volume decreases, as noted by

. Large investor activity seems to have fueled the rally, as trading volume dropped 5% during the 15% price surge on October 23, per Yahoo Finance.

Aster’s buyback plan reflects a wider industry pattern, with companies such as TOMRA and Arcadis also launching share repurchase initiatives to boost shareholder returns, according to

and . However, Aster’s method is distinct in that it directly supports ecosystem expansion, with buybacks partially funded by fees from Rocket Launch events. This creates a cycle where liquidity and token value reinforce each other, as highlighted by Blockonomi.

Despite the positive outlook, some concerns remain. DefiLlama recently removed Aster’s perpetual trading volume data, citing worries about possible wash trading inflating the numbers, as reported by DL News. The platform’s ability to remain transparent and keep trading activity robust will be key to maintaining its edge over rivals like Hyperliquid.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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