ASTER Heats Up as PEPE Whale Joins Massive Buyback Momentum

• Aster ramps up its buyback program, burning millions of tokens to reduce supply and boost investor confidence.
• A major PEPE whale increases holdings in Aster, signaling growing institutional and on-chain interest.

Recently, Aster DEX increased its buyback rate by 50%, reaching $7,500 per minute. Furthermore, about 18 million tokens, worth a total of $39 million, were burned from circulation to suppress market supply.

The results were immediate. ASTER’s price surged 11% in one day to $1.16 before correcting slightly and settling about $1.13.

This move drew even more attention because it coincided with news from Coinbase. A few days earlier, the major US exchange added ASTER to its “Listing Roadmap.”

Typically, listing indicates a high probability of a spot market launch. Many investors viewed this move as a strong signal that Aster was beginning to attract attention from institutional players.

ASTER’s Steady Phase Could Be a Prelude to a Rally

Interestingly, despite the volatility of the crypto market, analyst CryptoBull stated that ASTER was in relatively stable condition. The token’s price has been consolidating in the same area for quite some time, indicating its sensitivity to selling pressure is starting to diminish.

While ASTER used to drop 10% to 20% during corrections, its volatility now appears more subdued.

In the latest technical analysis, the ASTER price did attempt to break through a major resistance area around $1.17 with a high volume spike, but ultimately closed below the ascending trendline, which has now become a major resistance level.

According to the analyst, if the price is able to break through this trendline again, the potential for a bust and reclaim pattern is wide open and could trigger a new rally.

However, if support around $1.05 is lost, the price could fall back to the $1.00 area. Key resistance areas are maped at $1.16 and $1.29, while important support levels are maped at $1.05 and $1.00.

Famous PEPE Whale Makes Another Strategic Move

Meanwhile, according to Lookonchain, there was interesting activity from one of the well-known whales in the community, “ThisWillMakeYouLoveAgain.”

The whale, who once earned over $36 million in profits from the PEPE token, has been steadily accumulating ASTER since early November.

During that time, he purchased approximately 8.41 million tokens with a total value of $8.14 million at an average price of $0.97. His position now boasts an unrealized profit of $1.1 million.

Furthermore, CNF previously reported that Alchemy Pay has partnered with Aster DEX to expand global fiat access in the DeFi ecosystem. This integration allows users to purchase ASTER tokens directly using debit cards, digital wallets, or bank transfers.

Furthermore, last October, Aster DEX also launched the Rocket Launch feature, an initiative that provides liquidity and community support to early-stage crypto projects. The first campaign partnered with APRO Oracle with a shared prize pool to attract user participation.