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    Home»Markets»Crypto»Buyback and Burn News Sends Hyperliquid Rival Up 10%
    Crypto

    Buyback and Burn News Sends Hyperliquid Rival Up 10%

    Press RoomBy Press RoomJune 17, 2026No Comments4 Mins Read
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    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.

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    CryptoNews Editorial Team

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    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…

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    June 17, 2026

    Aster DEX just handed its tokenomics a structural overhaul, and its crypto token rockets. Can it break $1 this time?

    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.


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