Aster burned 77.86 million ASTER worth $79.81 million, cutting the token’s supply in one action. The burn appeared on-chain through the project’s buyback wallet, and the update spread quickly. As the supply dropped during the trading hours, many users began watching ASTER markets to see how activity might shift.
Aster Confirms Burn Through On-Chain Records
Lookonchain reported the burn on X and shared the wallet address linked to the action. The address 0x02…Dc displayed the full transaction on Arkham Intelligence, and the data confirmed the burned amount recorded on the network.
The Aster buyback wallet burned 77.86M $ASTER ($79.81M) an hour ago.https://t.co/G5VzsH8oZP pic.twitter.com/WInO13ncd2
— Lookonchain (@lookonchain) December 5, 2025
Because the burn sent tokens to an inactive address, they were permanently removed from circulation. This method is used to reduce supply, and market participants often track these actions because they can affect liquidity during active trading hours. The latest burn occurred during a period of steady market activity, so users began watching ASTER markets more closely as the supply update spread.
In addition, the burn reduced the circulating pool during a moment when several exchanges recorded stable volumes. This timing created new conditions for users examining short-term ranges, and some traders reviewed order books to see whether the reduction would affect ongoing price movements.
Market Reaction and Ongoing Monitoring After the Burn
Following the burn, interest in ASTER pairs grew due to the visible on-chain activity, with the traders assessing how the reduced supply might interact with demand during the next trading sessions. Lookonchain stated that the burn came from the wallet tied to the project’s buyback program.
The single-action burn also made it easier for platforms to record the supply change without delay, helping users track the updated figures in real time. As monitoring continued, some traders compared the event with earlier supply reductions in other assets.
This burn also encouraged users to follow ASTER liquidity and volume across exchanges to see how the updated supply would fit within broader market conditions. At the time of writing, ASTER was trading at $1.03, with a market cap of $2.37B.
The CoinRemark Team
