Binance founder Changpeng Zhao just casually mentioned he bought some Aster tokens with his own money on Sunday, and the token immediately exploded 12% higher. Trading volume went absolutely nuts, skyrocketing 852% to hit $2.53 billion.
CZ posted on X saying, “Full disclosure. I just bought some Aster today, using my own money, on Binance. I am not a trader. I buy and hold.” He included a screenshot showing he’s holding 2.09 million ASTER tokens worth about $2.25 million at current prices.
The rally happened while most other major cryptocurrencies were bleeding red. Bitcoin and Ethereum both dropped, but Aster bucked the trend entirely thanks to CZ’s endorsement. At the time of writing, ASTER was trading at $1.05, up nearly 13% in 24 hours.
CZ has been pretty vocal about Aster for a while now, frequently mentioning the BNB Chain-based token on social media and talking up its growth potential. So this purchase isn’t totally out of nowhere; he’s clearly been bullish on it for some time.
The “I am not a trader. I buy and hold” comment is classic CZ, basically telling everyone he’s in this for the long haul rather than trying to flip it for quick profits. When someone with his influence and track record drops money on a token and broadcasts it publicly, people obviously pay attention.
Conclusion
Binance founder CZ’s disclosure of purchasing 2.09 million Aster tokens worth $2.25 million triggered a 12% price surge and an 852% trading volume spike despite a broader crypto market decline.
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