The ASTER project is executing a significant token burn, eliminating $3.6 million worth of tokens daily as part of its aggressive buyback program, which now operates at $5,000 per minute. This strategic move is aimed at reducing supply and potentially boosting the token's value.
Technical analyst Crypto Faibik has identified a falling wedge pattern on the 4-hour chart, indicating a possible breakout to $2.80. Additionally, on-chain data reveals a major whale accumulating ASTER during a recent price dip, with one address holding over 24.6 million tokens valued at $26 million. A price surge above $1.15–$1.20 with strong trading volume could set the stage for a further rise to $1.50–$1.80.
ASTER Token Burns $3.6M Daily, Eyes Breakout to $2.80
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