ASTER project just made a massive move—wiping out $80 million worth of tokens straight from their buyback reserves. That's not pocket change we're talking about here.
This kind of burn mechanism typically signals aggressive supply reduction. For context, destroying tokens from a buyback wallet removes circulating supply permanently, which *could* create upward price pressure if demand holds steady. But here's the thing: market sentiment doesn't always follow tokenomics textbooks.
The real question everyone's wrestling with now? Whether this deflationary push translates into sustained momentum or just becomes another headline that fades in a week. Some see it as bullish commitment from the team. Others might wonder why they needed such a drastic measure in the first place.
What's your take on moves like this? Do massive token burns actually move the needle long-term, or is it more about short-term optics?
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AirdropHunterWang
· 3h ago
80 million thrown into the fire, this move looks pretty aggressive... but do you guys really believe this thing can pump the price?
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Burning tokens again, deflationary again... Wake up, everyone, this trick has been played to death, it'll still drop next week.
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Wait, why is the team burning so ruthlessly? Are they out of tokens or desperate to dump? Question mark.
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NGL, if this burn can actually hold the price, that’d be a miracle. The market doesn’t follow the textbook anyway.
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80 million... I just want to know how many more “big moves” like this are coming.
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Anyway, I’m convinced. Less supply with the same demand means price goes up, the logic is solid.
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Short-term optics for sure, long-term? Uh... can’t really say.
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Does burning tokens really work? An airdrop would be more practical for us.
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LoneValidator
· 8h ago
$80 million was burned directly, but whether the price will rise is another matter.
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MondayYoloFridayCry
· 17h ago
Burning $80 million directly is indeed a bold move, but I still feel it's a bit rushed.
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TestnetNomad
· 12-05 07:00
80 million burned directly—either they're truly confident or they're really out of options.
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InfraVibes
· 12-05 06:58
Burned 80 million in one go, that's quite a move.
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OnchainDetective
· 12-05 06:57
800 million thrown in and burned directly, that's definitely ruthless... just don't know if they'll pull any tricks later on.
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BakedCatFanboy
· 12-05 06:56
It's the same old token burn to save the market. To put it nicely, it's called supply management; to put it bluntly, it's just a numbers game.
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DeepRabbitHole
· 12-05 06:48
The whole token burning thing is basically just the team putting on a show.
ASTER project just made a massive move—wiping out $80 million worth of tokens straight from their buyback reserves. That's not pocket change we're talking about here.
This kind of burn mechanism typically signals aggressive supply reduction. For context, destroying tokens from a buyback wallet removes circulating supply permanently, which *could* create upward price pressure if demand holds steady. But here's the thing: market sentiment doesn't always follow tokenomics textbooks.
The real question everyone's wrestling with now? Whether this deflationary push translates into sustained momentum or just becomes another headline that fades in a week. Some see it as bullish commitment from the team. Others might wonder why they needed such a drastic measure in the first place.
What's your take on moves like this? Do massive token burns actually move the needle long-term, or is it more about short-term optics?