BusinessPostCorner.com
No Result
View All Result
Thursday, June 18, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Aster Crypto Explodes: Buyback and Burn News Sends Hyperliquid Rival Up 10%

June 17, 2026
in Crypto News
Reading Time: 4 mins read
A A
0
Aster Crypto Explodes: Buyback and Burn News Sends Hyperliquid Rival Up 10%
ShareShareShareShareShare

Author

Ahmed Barakat

Author

Ahmed BarakatVerified

Part of the Team Since

Aug 2025

About Author

Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

Share


Fact Checked by

CryptoNews Editorial Team

Author

CryptoNews Editorial TeamVerified

Part of the Team Since

Sep 2018

About Author

The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…

Last updated: 

June 17, 2026

Aster Crypto Explodes: Buyback and Burn News Sends Hyperliquid Rival Up 10%

Aster DEX just handed its tokenomics a structural overhaul, and its crypto token rockets. The announcement redirecting 99% of daily platform fees into automatic ASTER buybacks sent the token up over 10% on the day.

Under the upgraded model, Aster executes TWAP buybacks across each day, settling on-chain to a public wallet. For every token repurchased, an equal amount is permanently burned from reserves, starting with team allocations.

[Tokenomics Update] $ASTER Buyback and Burn Steps Up to 198%

Aster is upgrading its buyback so the platform’s own activity both rewards stakers and sets $ASTER on a deflationary path.

Starting from 12:00 PM UTC today, 99% of Aster’s daily platform fees buy back $ASTER. An equal…

— Aster 🥷 (@Aster_DEX) June 17, 2026

All bought-back tokens flow directly into Loyalty Rewards, stacked atop the existing 300,000 $ASTER base pool and distributed proportionally to veASTER lock weight. The protocol has already completed over $214 million in cumulative buybacks, reclaiming more than 143.38 million ASTER (7.11% of supply) in under a month.

Aster has drawn consistent comparisons to Hyperliquid as institutional capital rotates toward on-chain derivatives infrastructure, making this tokenomics upgrade more than a housekeeping move. It’s a direct competitive signal.

Discover: The Best Crypto to Diversify Your Portfolio

Can ASTER Crypto Break $1?

Before the crypto announcement, ASTER was trading in a tight range, consolidating under $0.7 after a brief spike to $0.76 months ago, a level it failed to hold. The token broke a short-term downtrend line in the lead-up to the announcement, posting a 12% rally in less than 2 hours, but resistance near $0.75 has rejected the price twice.

Support is long gone; it was clustered in the $0.63 demand zone, where every sell pressure has been absorbed. The 30-period moving average sits near $0.65, acting as a short-term floor. RSI hovering near 61 signals moderate bullish momentum.

For its crypto holders, daily buybacks of $2–3 million would compress supply steadily, and unlock pressure from the locked airdrop wallet might be absorbed. If all those happen, ASTER could clear $1 to open a path toward $1.50 once again.

Discover: The Best Token Presales

Bitcoin Hyper Eyes Early-Stage Entry as ASTER Tests Structural Resistance

ASTER’s 10% pop on strong tokenomics news underscores a familiar dynamic: the market rewards supply-side discipline, but established tokens with billions of market cap face a different risk/reward than early-stage entries. At this market cap, the multiple is compressed. The asymmetry has already been partially priced. That’s exactly where traders with a different time horizon start looking elsewhere.

Bitcoin Hyper ($HYPER) is a Bitcoin Layer 2 presale building what it bills as the first-ever BTC L2 with Solana Virtual Machine (SVM) integration, targeting sub-second finality on top of Bitcoin’s security layer. The pitch directly addresses Bitcoin’s three structural constraints: slow throughput, high fees, and limited programmability.

Hard numbers: presale price sits at $0.0136, total raised has crossed $32.8 million, and staking carries a high APY for early lockers. The Decentralized Canonical Bridge handles native BTC transfers without custodial wrapping. The DEX token game might be too late to enter, and Bitcoin layer 2 could be the next narrative.

Research Bitcoin Hyper before the next stage closes.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Crowdsourcing Code: Forming a Citizen Developer group

Next Post

Ethereum Price Prediction: Final Glamsterdam Tests Could Ignite ETH After FOMC

Next Post
Ethereum Price Prediction: Final Glamsterdam Tests Could Ignite ETH After FOMC

Ethereum Price Prediction: Final Glamsterdam Tests Could Ignite ETH After FOMC

AI disruption: 7 ways your workforce can thrive

AI disruption: 7 ways your workforce can thrive

June 11, 2026
Mental health: Why recognition is key in the workplace

Mental health: Why recognition is key in the workplace

June 16, 2026
XRP Price Prediction: Japan XRP ETF Listing is Getting Closer

XRP Price Prediction: Japan XRP ETF Listing is Getting Closer

June 12, 2026
At Brainstorm Tech, executives say finding ROI from AI comes from first principles thinking

At Brainstorm Tech, executives say finding ROI from AI comes from first principles thinking

June 11, 2026
Economists blame America’s plummeting fertility rates on the rise of the iPhone

Economists blame America’s plummeting fertility rates on the rise of the iPhone

June 12, 2026
Ethereum Price Prediction: 3 Million ETH Rushes Into Staking as Sellers Vanish

Ethereum Price Prediction: 3 Million ETH Rushes Into Staking as Sellers Vanish

June 12, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Apple to raise prices as AI boom pushes up chip costs

Apple to raise prices as AI boom pushes up chip costs

June 18, 2026
‘We had to get out of the way’: The backlash over delivery robots

‘We had to get out of the way’: The backlash over delivery robots

June 17, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!