CZ Buys $2 Million Worth of ASTER, Token Surges 30%
Changpeng Zhao (CZ), Co-Founder of Binance, used his personal funds to buy 2.09 million ASTER tokens. His purchase on November 2, 2025, caused ASTER’s price to jump from around $0.91 to $1.25 within minutes. The $2 million buy sparked a strong market reaction.
CZ posted a screenshot on X showing his wallet balance. He stated, “I am not a trader. I buy and hold.” The purchase signals his long-term confidence in ASTER.
Trading Volume and Market Capitalization Surge
The ASTER token’s trading volume increased sharply following CZ’s purchase. Within 24 hours, volume rose from about $224 million to over $2.2 billion, according to DeFiLlama data. The market capitalization jumped from roughly $1.8 billion to more than $2.25 billion.
At the time of writing, ASTER traded near $1.05 with a 12.27% gain, while its 24-hour volume remained above $2 billion, per TradingView. The token is available on several exchanges including major platforms with ASTER/USDT pairs.
Mixed Market Sentiment and Project Updates
- Two large traders opened significant short positions against ASTER. One shorted around 42.97 million tokens ($52.8 million), another about 15.3 million tokens ($19.1 million). Their liquidation prices were close to $2.00 and $2.10.
- The Aster project is supported by the BNB Chain ecosystem and backed by YZi Labs (formerly Binance Labs). It merged with APX Finance in late 2024.
- On October 31, Aster announced changes to its token buy-back and airdrop model. Fifty percent of buy-backs will now be burned to reduce supply. The rest will go to a locked airdrop address to support long-term holders.
- This deflationary approach aims to boost long-term price stability amid rising demand.
CZ’s rare personal investment drew attention and renewed confidence. However, high short positions suggest some investors anticipate a price pullback or hedge against volatility.
DeFiLlama recently delisted ASTER volume data due to irregularities, raising concerns about the accuracy of reported trading activity.
Outlook for ASTER and the BNB Chain Ecosystem
CZ’s purchase may attract more retail and institutional investors to ASTER and BNB Chain projects. Sustained momentum depends on platform growth, user adoption, and market conditions.
Risks remain from increased token supply through airdrops and potential speculative trading. ASTER’s future relies on delivering real ecosystem value beyond short-term price moves.
This event highlights how public endorsements and market sentiment impact token prices on blockchain platforms.
For more details on CZ’s investment and ASTER, visit DeFiLlama and TradingView.
