From 78.4M ASTER/month to ~2M is a dramatic supply squeeze, but insider unlocks are only frozen until September 2026 — so this is a six-month window, not a permanent regime change. Pair that with 80% of daily fees going to buyback-and-burn and you get a textbook "compress supply now, hope organic demand catches up before the next unlock cliff" play. CZ putting $2.5M of personal capital in gives it credibility, but the 30% ecosystem allocation didn't disappear — it just shifted from guaranteed linear vesting to a stake-or-get-diluted model that concentrates rewards among existing holders willing to lock up.

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