ASTER Hits Record Low Despite Launching Buyback Program

**Key Highlights on ASTER Token and Market Dynamics**

ASTER hit a new all-time low, dropping over 12% to $0.55 before slightly rebounding to $0.684.
Aster DEX initiated its Strategic Buyback Reserve, allocating 20-40% of daily platform fees to automatic ASTER repurchases. These buybacks are executed on-chain and adjust to market conditions.
The token's price action remains bearish despite the buyback activation, undermining support levels due to broader market declines.
Comparison with Lighter’s LIT token shows that similar buyback announcements have led to temporary price rallies followed by sharp sell-offs.

**Market Competition and Volume Leadership**

Data shows Hyperliquid DEX processed about $40.7 billion in volume recently, surpassing ASTER's $31.7 billion and Lighter's $25.3 billion.
Hyperliquid leads in open interest with $9.57 billion compared to other platforms combined at $7.34 billion.
Tokens linked to smaller exchanges face liquidity challenges, even with active users and support measures like buybacks.

**Emerging Project: Bitcoin Hyper**

Bitcoin Hyper (HYPER) is gaining attention with a public presale raising around $30.8 million.
Built as a Layer 2 network, it aims to enhance Bitcoin's performance by addressing transaction speed, costs, and smart contract limitations.
Current HYPER token price is $0.013605 with a staking APY of 38%.

Investors are monitoring these developments to assess the potential implications for their portfolios. For more details on crypto projects and their analyses, visit [Coinspeaker](https://www.coinspeaker.com).