A major announcement has come from ASTER, the Binance-backed rival of decentralized exchange Hyperliquid (HYPE).
According to a statement made by the decentralized continuous trading exchange (Perp DEX), ASTER announced that it will allocate 70-80% of its Season 3 trading fees to buyback ASTER tokens.
Citing uncertain market conditions, the exchange stated that the final rate will be determined at the end of the season.
Airdrop and buyback programs for future seasons will also be announced once details are finalized.
“Buyback Announcement:
Currently targeting 70-80% of S3 fees for ASTER token buybacks. The exact allocation will depend on market conditions, and final results will be announced following the completion of S3.
ASTER on the Rise!
ASTER is also notable for its 10% surge in the last 24 hours. This surge is reportedly related to Trump's pardon of CZ.
As is known, yesterday US President Donald Trump announced that he pardoned CZ, the founder of Binance, the world's largest cryptocurrency exchange.
This news created a bullish wave within the Binance ecosystem, leading to strong accumulation across many altcoins. Aster, backed by YZi Labs and CZ, also saw a surge.
Positive news regarding CZ has revived bullish sentiment among Aster investors, with approximately 10 million ASTER tokens being withdrawn from cryptocurrency exchanges.
*This is not investment advice.
