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EN
Aster crypto’s 99% fee buyback has yet to lift ASTER above $0.60
['Adewale Olarinde', 'Written By', 'Reviewed By', 'Benjamin Njiri', 'Gladys Makena', 'Muriuki Lazaro', 'Ishika Kumari', 'Kelvin Murithi']
AMBCrypto
Aster has repurchased more than 5.3 million ASTERUnder Aster’s revised tokenomics, 99% of daily platform fees are automatically used to buy ASTER on the open market.
ADThe protocol repurchased approximately 3.08 million ASTER between June 29 and July 13, followed by another 2.21 million between July 13 and 27.
That brings total buybacks across the two reporting periods to roughly 5.30 million ASTER, with an equal number removed from reserves.
Even so, the impact on circulating supply remains relatively modest.
That indicates the average volume-weighted purchase price since the announcement remains above the current market price.