DEX token ASTER Jumps 20% After 2M Token Purchase From Pardoned Binance Founder CZ
Binance founder Changpeng Zhao (CZ) introduced on X that he purchased over $2 million DEX token ASTER, triggering speculative demand.
CZ posted on Sunday that he purchased Aster protocol’s token utilizing his personal cash on Binance. “I’m not a dealer. I purchase and maintain,” he wrote.
Full disclosure. I simply purchased some Aster right this moment, utilizing my very own cash, on @Binance.
I’m not a dealer. I purchase and maintain. pic.twitter.com/wvmBwaXbKD
— CZ
BNB (@cz_binance) November 2, 2025
On-chain knowledge present that ASTER’s pockets garnered giant sums of USDT, changing into one of many largest on BNB Chain. Besides, Per LookOnChain, two whales elevated their quick positions within the asset.
“Both whales shorting ASTER are at present in revenue —0x9eec9 is up $5.9 million, whereas 0xbadb is up $1.4 million,” Lookonchain posted.
Separately, a whale had pulled out $5.58 million price of ASTER tokens from Binance, Onchain Lens reported. “Over the previous 6 days, it has withdrawn 6.8M $ASTER, price $6.66M, from Binance,” it added.
ASTER Token Soars 20% Following Recent Crash
Aster (ASTER) is likely one of the hottest Web 3.0 tasks available in the market. It provides on-chain spot and perpetual futures buying and selling with 1001x leverage and hidden orders.
The DEX token saw a plunge by 11% last month, with Aster’s whole worth locked (TVL) dropping by almost 25% since October 10.
According to analysis, the DEX’s near-instantaneous success is because of Changpeng Zhao’s endorsement. The extremely influential crypto billionaire tweeted “hold constructing,” posting a picture of the Aster platform final month.
With CZ’s current buy of the protocol’s native token, ASTER surged from $0.91 on Sunday to a peak of $1.26, per CoinMarketCap data. At the time of publication, the token was buying and selling at $1.
CZ’s current buy comes weeks after US President Donald Trump granted him a pardon after months of efforts by Zhao to spice up the Trump household’s crypto firm.
Zhao pleaded guilty in November 2023 to failing to keep up an efficient anti-money laundering program at Binance.
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