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ASTER recently made a big move—directly burning 77.8 million tokens, which is roughly $70 million by market value. This isn't just talk; the on-chain data proves it's a real operation. Plus, their S4 buyback plan is underway, meaning even more tokens will be locked up long-term. With this combo move, how will the market react?
Interestingly, the price is dropping while the project team is aggressively burning tokens. At first glance, this logic seems counterintuitive. But if you think about it, they're reducing circulating supply and strengthening scarcity expectations. Now that their full-featured DEX application is live, it shows the project is no longer just a concept—they're delivering products.
So how should we position this project? Is it just a narrative token, or does it have real utility? Judging by their recent actions, they're trying to walk on two legs. On one hand, they've got hardcore features like cross-chain perpetual contracts (addressing real needs). On the other, they're telling a deflationary story through large-scale burns and buybacks (value capture logic). If both engines can fire at once, the impact could be much stronger than pure speculation.
So at this point, is it a risk or an opportunity? In the crypto market, short-term price swings often disconnect from long-term value. When everyone gets anxious about price drops, some capital will focus on fundamental changes. Burn mechanisms solidify the foundation, products build barriers—ASTER seems to be laying out a bigger game.
What do you think? Is this "aggressive building during price dips" strategy digging a pit or laying a foundation? Do you believe in the explosive potential of utility projects in a bull market?