ASTER Zooms 20% as Binance's CZ Purchases 2M Tokens

CN
coindesk
Follow
18 hours ago


DEX token ASTER surged as Binance founder Changpeng Zhao (CZ) purchased approximately 2 million of them, sending a wave of speculative demand across the market.

Investors interpreted the purchase as a signal of confidence from one of crypto’s most influential figures, and ASTER climbed nearly 20% in response.

The underlying project behind ASTER is a rebranded derivative platform that merged from older tokens (including APX) and relaunched with a token-generation event in September 2025. ASTER’s max supply is 8 billion tokens, with over half allocated to community incentives such as airdrops and strategic distribution.

The platform packages itself as a hybrid decentralized exchange offering perpetuals and spot trading across multiple chains, with features like hidden orders and high leverage.

CZ’s public endorsement — where he described ASTER’s launch as a “strong start” — added fuel to the rally. On-chain data cited by analysts show ASTER’s wallet amassed large sums of USDT and became one of the largest on BNB Chain outside of Binance itself.

Although the jump is real, the risk of retreat is equally tangible. High token supply, intense competition (especially from rivals like HYPE), and a narrative-heavy boost rather than clear, sustained fundamental breakthroughs mean traders should remain vigilant of price spikes.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink