The token for decentralized exchange protocol Aster surged more than 30% after Binance co-founder Changpeng “CZ” Zhao disclosed on X that he personally bought over $2.5 million worth of the token. CZ posted his wallet holdings, stating he purchased Aster using his own funds and describing himself as a long-term holder rather than a trader. The announcement pushed Aster’s price from $0.91 to a peak of $1.26, according to CoinGecko.
The market reacted strongly, with DefiLlama data showing trading volumes jumping from about $224 million to over $2 billion, while the token’s market cap climbed from $1.8 billion to more than $2.5 billion. Influential traders echoed the move, calling CZ’s disclosure a rare endorsement beyond BNB.
Following the rally, CZ commented that he had hoped to accumulate at lower prices and noted he rarely buys tokens publicly, referencing only BNB eight years earlier and now Aster.
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