Aster Token Skyrockets Following CZ’s Personal Stake Disclosure: The 24-hour Trading Volume Surges Over 1000%
Key Takeaways
- The price surged more than 30% to reach $1.26, following a disclosure by Binance founder Changpeng Zhao, “CZ,” on X that he purchased over $2.5 million of the Aster (ASTER) token with his personal funds.
- The price has decreased since reaching a peak with currently trading around $1, but the past 24-hour trading volume has increased more than 1000%.
- Aster is the native token for the Aster decentralized exchange (DEX).
- Support of industry leaders coupled with the token’s utility suggests that it has long-term potential.
The Aster is mooning following a disclosure by Binance founder Changpeng Zhao, “CZ,” on X that he purchased over $2.5 million of the Aster (ASTER) token with his personal funds. The CZ, one of the most influential billionaires in the crypto landscape, shared the screenshot of his Binance account’s wallet holdings on X, showing that he had purchased approximately 2.09 million Aster (ASTER) tokens at an average price of about $0.913. Moreover, He further added that he was not a trader and that he was buying and holding it.
The post caused a field day for Aster, with the price surging above 30% as the investors flocked to follow the Binance founder. Changpeng Zhao had been hitting headlines recently following U.S. President Trump’s pardon in a money laundering case and his push for Kyrgyzstan as the next crypto hub.
How Sustainable is the Aster Price Surge?
Following the CZ’s post on X, the price of Aster rose from $0.91 to an impressive figure of $1.26. Currently, at the time of writing this article, the Aster is hovering around $1.07, and the price has recorded an 11.48% increase in the past 24 hours. The market cap touched $2.16 billion.
The trading volume marked a whopping over 1000% increase. The high-profile endorsement has led to a flurry of activities around the Aster, with some crypto enthusiasts following the CZ while others betting on a price decline. The technical indicators are not sending strong signals either; the token’s current price of $1.07 is lower than the 10-day Exponential Moving Average. The 14-day Relative Strength Index (RSI) stands at 47, which shows that the price may be stabilizing after the surge. Yet, the Fear and Greed Index value of 42 indicators indicates that the investors are cautious.
What is Aster Coin?
Aster is the native token for the Aster decentralized exchange (DEX). The exchange offers spot and perpetual futures trading. The token enables governance participation, offers trading fee discounts, and protocol revenue sharing. So far, the all-time hit by Aster was $ 2.41 back in September this year. The price surge was attributed to CZ’s endorsement and its listing on exchanges. In fact, it’s a newer entrant to the crypto world; the token was released on September 9, 2025.
The decentralized exchange Aster is reportedly backed by the BNB Chain and YZi Labs. YZi Labs is an investment firm backed by Changpeng Zhao, focusing on Web3, AI, and biotech.
Final Thoughts: Will Aster Maintain a Rally?
A single post or tweet of a crypto influencer skyrocketing or plunging the prices of tokens is a normal occurrence in the cryptoworld. But whether the rally continues depends on the technical indicators, institutional interest, and prevailing macro conditions. Besides, the Aster has an extremely high volatility of 26.52%. The overall price of the token has decreased by 49% in the past month. Nevertheless, high volatility is expected for any token in the early stages after the release. The support of industry leaders, coupled with the token’s utility, suggests Aster has long-term potential.
