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Aster Addresses Token Unlock Confusion After CoinMarketCap Update Misleads Community

Highlights:

  • Aster has confirmed its tokenomics have not changed after a CoinMarketCap update.
  • Aster has addressed the token unlock error by moving unused tokens to a public wallet for transparent tracking.
  • The S3 buyback phase ended after Aster spent 49 million USDT to buy 47 million ASTER tokens.

Decentralized exchange Aster has clarified that its tokenomics remain unchanged following confusion caused by an update on CoinMarketCap (CMC). The update incorrectly suggested that the project had adjusted its token unlock schedule. The error led community members to believe that major token releases had been postponed to 2026 and 2035.

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Aster clarified that this was due to a misunderstanding between its staff and data aggregators. The project said that the initial plan remains the same and no changes were made to the current tokenomics. The ecosystem tokens meant for gradual release each month remain locked. The team added that these tokens have never entered circulation and have not affected the ASTER supply.

Aster confirmed that all unused unlocked tokens will move to a new public address. The move will enable members of the community to cross-check movements. “We currently do not have plans to spend from this address,” the team said in a statement. “We will keep the community informed of any future decisions.” The exchange aims to prevent similar confusion and maintain clear communication with its users.

According to CoinMarketCap data, ASTER is trading at $1.12 after gaining about 2.29% in the past 24 hours. Despite the rise, the token remains down by more than 50% from its all-time high of $2.42 reached in September. The renewed activity follows a price surge earlier this month after Binance co-founder Changpeng Zhao disclosed he holds over $2.5 million worth of ASTER tokens.

Source: CoinMarketCap

Aster Addresses Token Unlock Miscommunication and Clarifies Supply Data

The incident began when CMC displayed a revised schedule showing large unlocks in December and two additional releases in 2035. The listed figures suggested that 200 million ASTER tokens would unlock this year, followed by 3.86 billion and 1.6 billion tokens in 2035. These numbers created speculation that Aster had quietly modified its plans.

Aster replied promptly and affirmed that the numbers were merely internal record changes and did not indicate actual unlocks. According to the project, approximately 75% of the entire supply of tokens is locked, and approximately 24% are in circulation.

The misunderstanding appears due to the fact that tokens assigned to ecosystem growth unlock monthly, but the team has not yet deployed them. The number of tokens that have been earned since the token generation event has remained locked in an address and has never had any impact on circulating supply.

Aster DEX Concludes S3 Buyback With Nearly $50 Million Spent

Aster has successfully executed its third buy-back stage, referred to as S3, which has been one of its biggest buy-back programs to date. The project spent about 49.3 million USDT to buy back 47 million ASTER tokens. The process began in late October and has maintained steady accumulation across multiple weeks.

According to the weekly report covering November 3 to November 9, Aster used 19.5 million USDT in that week alone to purchase 18.9 million ASTER. Data from BscScan shows that the official buyback address executed over 100 transactions in the past 17 days. These transactions recorded small, consistent network fees, showing automated purchase activity.

The exchange ensured that the following stage, S4, would be initiated shortly with revised timelines and buyback address. It will incorporate updated fee assignments to reinforce long-term market stability.

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