Aster (ASTER) has announced a token buyback plan in response to a 57% market correction. The initiative, backed by YZi Labs, will use up to 80% of trading fees from its recently launched perpetual DEX to fund the buybacks. Despite this move, ASTER's price remains around $0.90, significantly below its all-time high of $2.40.
Market reaction to the buyback has been muted, with some critics suggesting it could be perceived as a sell signal. On-chain data indicates a neutral sentiment, with reduced exchange inflows and a bearish technical outlook persisting.
Aster Initiates Token Buyback Amidst 57% Market Decline
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