Emre Yumlu 
Binance founder Changpeng Zhao (CZ) revealed on November 2 that he personally purchased Aster (ASTER) tokens using his own funds. The announcement quickly drew attention across the crypto community, as CZ is known for rarely disclosing his private investments publicly.
CZ’s Transparency Move: “I Buy and Hold”
In a post shared on X (formerly Twitter), Zhao stated:
“Full disclosure: I just bought some Aster today using my own money on Binance. I’m not a trader — I buy and hold.”
This statement was perceived by investors as a signal of confidence, suggesting CZ’s long-term belief in Aster’s potential rather than a short-term speculative move.
According to a screenshot shared by Zhao, he purchased the token at around $0.91 per ASTER, with his wallet holding approximately 2.09 million tokens, valued at roughly $2 million at the time.
Price Reacts to CZ’s Purchase
Following CZ’s announcement, Aster’s price experienced a sudden and sharp rally. Within minutes, the token surged by nearly 30%, climbing from $0.91 to around $1.17, marking a multi-week high.
This swift rebound came after the token had declined more than 38% over the past month. Analysts interpreted the move as more than just a technical reaction — it highlighted the psychological influence of CZ’s name and the renewed investor confidence his involvement brings to the project.
What Is Aster?
Aster is a next-generation decentralized exchange (DEX) designed to provide seamless on-chain trading experiences for global crypto investors. The platform supports both Spot and Perpetual trading, catering to both casual and professional users.
Aster offers two distinct trading modes:
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Simple Mode: A single-click interface that executes trades without MEV interference.
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Pro Mode: A feature-rich trading environment supporting BNB Chain, Ethereum, Solana, and Arbitrum networks, offering 24/7 perpetual trading, hidden orders, and grid trading strategies.
In addition, Aster stands out for its capital efficiency. The platform accepts liquid staking tokens (asBNB) and yield-generating stablecoins (USDF) as collateral, allowing traders to earn yield while engaging in leveraged positions.
Powered by Aster Chain, a high-performance and privacy-focused Layer-1 blockchain, the project is developed by YZi Labs.
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