Aster Team Defends Buyback Strategy as Token Struggles
Aster’s team moved to clarify its buyback program after community backlash over the token’s poor performance. The project accelerated buybacks to $4 million daily, completing a $32 million tranche by December 8. Yet, the token’s price action remains dismal, sparking frustration among holders.
‘S4 buybacks were not stopped,’ the team insisted in a post, noting 90% of Stage 4 fee income was allocated to repurchases. Buybacks resumed December 17, funded by daily fee revenue, and will continue until Stage 4 ends on December 21. Parameters for the next phase are pending.
Criticism flooded social media, with traders questioning the program’s efficacy. ‘Do you sell what you buy back?’ one demanded. The disconnect between aggressive buybacks and weak price performance highlights deeper issues—possibly waning demand or insufficient liquidity.
