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Aster completed the third phase of its token buyback program on Nov. 20, acquiring 55.7 million ASTER worth approximately $70 million and announcing plans to burn half the accumulated tokens on Dec. 5.
The milestone, combined with a same-day Coinbase listing, pushed the token up 22% for the week despite a 4.2% pullback in the past 24 hours.
The aggressive pace of ASTER buybacks, combined with a fresh Coinbase listing, has injected unexpected optimism into what had been a difficult stretch for altcoins.
ASTER is also dominating trader conversations, especially as price action tries to stabilize near $1.25 after a volatile month. ASTER once again take center stage as analysts highlight the token’s sharp 22% weekly gain despite a choppy broader environment.
Aster is still down 4.2% in the last 24 hours, but its structure remains intact—hovering between $1.02 and $1.39 across the week, with a strong 19% monthly upside.
Spot trading volume soared to $953 million, up 27% in a single day, signaling renewed confidence.
Meanwhile, derivatives traders appear more cautious, with futures volume rising 7% to $2.4 billion but open interest sliding 6.6% to $552 million.
Analysts say this dynamic reflects rotation rather than fresh risk-taking.
“We’re seeing capital move, not expand,” said Elena Vostrikova, market strategist at DigitalWave Research. “But the impact of the ASTER buyback is clearly shifting sentiment faster than expected.”
The centerpiece of the bullish narrative arrived on Nov. 20, when Aster confirmed completion of its Stage 3 program. The team acquired 55.7 million ASTER, bringing cumulative ASTER buybacks to 155.7 million tokens.
At current prices, the latest tranche is valued at roughly $70 million, a figure that stunned analysts.
Half of those tokens—77.8 million ASTER, or about 1% of supply—will be burned on Dec. 5, while the remaining half will be locked for airdrops.
Stage 4 ASTER buybacks are scheduled to begin on Dec. 10, with the protocol allocating 60–90% of fee revenuetowards continued accumulation.
“The scale of these ASTER buybacks is remarkable,” said Marcus Leung, senior analyst at Kaizen Metrics. “Burning supply while expanding liquidity through Coinbase is a rare dual catalyst.”
Coinbase’s launch of ASTER trading the same day further magnified the hype.
U.S. retail and institutional flows pushed the price from $1.14 to $1.37 intraday before cooling toward the current range.
For a mid-cap asset, this reaction signals strong latent demand.
Market observers note that the combination of a major listing and ongoing ASTER buybacks is creating a uniquely supportive environment.
Aster’s RSI has rebounded sharply from oversold territory, printing a V-shaped recovery and approaching neutral levels.
Momentum indicators show a mild bullish bias. Both the MACD and short-term oscillators have triggered buy signals, while the 10-, 20-, and 30-period moving averages now sit comfortably below price — a strong structural base.
If buyers defend the $1.20 mid-range and ASTER buybacks continue at their current pace, analysts see upside targets between $1.38 and $1.50.
A convincing breakout could send the price toward $2.
Still, caution persists. A breakdown below $1.10–$1.15 would drag the price toward $1.02, likely weakening the bullish setup.
But with liquidity improving, Coinbase flows rising, and ASTER buybacks accelerating, many believe the bulls maintain an upper hand—for now.
Institutional sentiment toward Aster is undergoing a noticeable shift as ASTER buybacks continue to dominate market conversations and reshape liquidity expectations across major trading hubs.
Analysts report a steady uptick in block trade inquiries, signaling that larger players may be preparing for deeper long-term exposure rather than short-term speculation.
With Coinbase opening the door for expanded U.S. participation, fund managers are now evaluating whether the aggressive pace of ASTER buybacks could spark a sustained supply squeeze heading into Q1.
This renewed institutional curiosity is adding another bullish dimension to Aster’s developing reversal story.
