Aster increases daily buyback to $4 million, with the coin price rebounding strongly after falling below CZ's cost line.

GateUser-6433627c · 2025-12-08T09:44:09+00:00

Aster officially announced that the daily buyback amount in the fourth quarter will increase to $4 million, aiming to provide more support for market volatility. The price of ASTER rebounded after dropping to $0.89 this morning, rising approximately 9.7% in 12 hours. Meanwhile, a whale became the largest short position in ASTER on the Hyperliquid platform, holding about $7.94 million with an unrealized profit of $1.86 million.

GateUser-6433627c

2025-12-08 09:44:09

Abstract generation in progress

On December 8, at 11:00 today, according to an official statement from Aster, the daily buyback for the fourth quarter has been increased from the previous $3 million to $4 million, effective immediately. The statement also noted, “This acceleration enables us to promptly put the accumulated Phase 4 fees since November 10 on-chain, providing more support during periods of market volatility.” Additionally, according to monitoring by HyperInsight, the price of ASTER dropped to $0.89 early this morning, approaching CZ’s buy-in price, and then rebounded sharply, rising about 9.7% over 12 hours. The “Altcoin Short Army Leader” whale is currently the largest ASTER short position on Hyperliquid. Since ASTER fell below $0.95 yesterday, they have continuously closed positions. Their current position size is approximately $7.94 million, with an average price of $1.20, a liquidation price of $1.44, and an unrealized profit of $1.86 million (117%).

ASTER0,52%

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