The ASTER project team just made a big move—they directly burned $80 million worth of tokens from the buyback wallet!
This action can be clearly seen in the on-chain data; it’s not just talk. $80 million isn’t a small amount, and this will definitely impact the project’s circulating supply and tokenomics.
A direct burn after a buyback is generally viewed as a long-term bullish signal for the token’s value. However, the actual effect will depend on the market’s reaction and the project’s own development going forward. After all, burning is one thing, but whether the project can continue to generate value is another.
Anyone following ASTER can verify this transaction on-chain—the data is open and transparent.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
7
Repost
Share
Comment
0/400
WalletInspector
· 6h ago
$80 million burned directly, that's quite a bold move. Now we'll see if they can handle what comes next.
View OriginalReply0
GasOptimizer
· 6h ago
80 million burned looks like a nice number, but what can really drive the price up are still the product and operations.
View OriginalReply0
SocialFiQueen
· 6h ago
$80 million burned? Looks like they're trying to stabilize the situation, but this trick is getting old.
Whether the price can really go up still depends on whether the project has real substance.
With on-chain data being so transparent, it actually shows that nothing can be hidden.
Burning tokens is one thing, but the key is whether they can deliver results afterward; otherwise, it's just a castle in the air.
Let's wait for the market reaction before saying more.
View OriginalReply0
Degentleman
· 6h ago
$80 million burned? Put nicely, it's optimism; put bluntly, it's just throwing money to stop the bleeding.
What really drives the price up is still the ecosystem and applications. Simply burning tokens can't change its fate.
This move by ASTER is indeed pretty aggressive, but it feels a bit like self-rescue.
Throwing money into the burn pool might not be as reliable as investing in product development and marketing.
The on-chain data is right there, but what I care more about is whether burning this $80 million can actually boost the price.
Burning is just psychological comfort, the key still lies in the fundamentals.
View OriginalReply0
WhaleWatcher
· 7h ago
Wait, 80 million directly burned? That’s a pretty bold move.
Is it for real? I checked on-chain, and it’s actually there.
But burning is burning—the key is whether they can pump the price afterward. Otherwise, it’s just self-hype.
How’s ASTER been doing lately? Has it gone up?
This move shows the team still wants to get things done. At least their attitude is solid.
But honestly, the whole buyback and burn thing has been played out. So many projects have done this.
The main thing is whether the fundamentals can keep up.
I just want to know if I should get in now or wait a bit.
View OriginalReply0
InscriptionGriller
· 7h ago
$80 million burned? I've seen this tactic too many times. After fleecing retail investors, they still have to pretend to be optimistic about the future.
View OriginalReply0
DAOdreamer
· 7h ago
Burn 80 million? Alright, let's see if it can turn things around first.
The ASTER project team just made a big move—they directly burned $80 million worth of tokens from the buyback wallet!
This action can be clearly seen in the on-chain data; it’s not just talk. $80 million isn’t a small amount, and this will definitely impact the project’s circulating supply and tokenomics.
A direct burn after a buyback is generally viewed as a long-term bullish signal for the token’s value. However, the actual effect will depend on the market’s reaction and the project’s own development going forward. After all, burning is one thing, but whether the project can continue to generate value is another.
Anyone following ASTER can verify this transaction on-chain—the data is open and transparent.