Aster burns 77.8M tokens and moves 77.8M to locked airdrop wallet
Key Takeaways
- Aster burned around 78 million ASTER tokens following the S3 buyback program.
- An equal number of tokens were moved to a locked airdrop wallet, with the S4 buyback currently in progress.
Aster, a multi-chain DEX backed by YZi Labs, burned approximately 78 million ASTER tokens, permanently removing them from circulation following its S3 buyback program, the team shared in a Thursday announcement .
The burned tokens were intended to create token scarcity and support long-term value. The project also allocated an equal number to an airdrop-locked wallet.
Aster said it is continuing buyback activities with its ongoing S4 program.
ASTER was trading above $1 at the time of reporting, down 2% over the last 24 hours. The token has demonstrated great resilience during the recent market dips.
Aster on Thursday revealed its roadmap for the first half of 2026, with the spotlight on its own layer 1 network launch. Other major highlights include plans for fiat on/off-ramps, Aster Code for builders, staking, governance, and Smart Money features in Q2.
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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