ASTER Jumps 20% After Binance Founder CZ Buys 2 Million Tokens
ASTER, a recently rebranded decentralized derivatives token, surged nearly 20% after Binance founder Changpeng “CZ” Zhao reportedly purchased around 2 million tokens, triggering renewed market attention and speculative momentum.
Traders viewed the buy as a confidence signal from one of crypto’s most influential figures, sparking a sharp uptick in trading volumes and social media buzz around the project.
ASTER emerged from the merger of several older derivative platform tokens, including APX, and relaunched through a token-generation event in September 2025. The project’s total supply is capped at 8 billion tokens, with over half allocated to community incentives, airdrops, and other ecosystem rewards.
Positioned as a hybrid decentralized exchange, ASTER combines perpetual and spot trading across multiple chains and touts advanced features such as hidden orders, high leverage, and cross-chain execution — aiming to bridge the gap between centralized and decentralized trading experiences.
CZ’s public comment describing ASTER’s debut as a “strong start” further fueled optimism. On-chain data shows a wallet tied to ASTER holding large USDT reserves, making it one of the biggest addresses on BNB Chain outside of Binance itself.
Still, analysts urge caution. Despite the rally, ASTER faces challenges common to emerging DEX tokens — including a high circulating supply, stiff competition from rivals like HYPE, and a price surge driven more by narrative than by fundamentals.
Whether CZ’s backing marks the beginning of a sustained uptrend or just another speculative burst remains to be seen.
