ASTER Surges 20% After Binance’s CZ Buys 2 Million Tokens
ASTER, a rebranded derivative platform token with a total supply of 8 billion, jumped nearly 20% after Binance founder Changpeng Zhao (CZ) reportedly purchased about 2 million tokens — a move that quickly ignited speculative enthusiasm across the market.
Traders interpreted CZ’s buy as a strong vote of confidence from one of the most influential figures in crypto, propelling ASTER to its biggest single-day gain since launch.
The project behind ASTER originates from a merger of earlier derivative platform tokens — including APX — and officially relaunched in September 2025 with a new token-generation event. Over half of ASTER’s supply is allocated toward community incentives, airdrops, and ecosystem rewards designed to encourage participation and liquidity growth.
Positioning itself as a hybrid decentralized exchange, ASTER offers both perpetual and spot trading across multiple blockchains, with advanced features like hidden orders, deep leverage, and cross-chain support.
CZ’s public praise for the project — calling its debut a “strong start” — further amplified momentum. On-chain data shows one ASTER-linked wallet accumulating substantial USDT reserves, becoming one of the largest addresses on BNB Chain outside Binance itself.
Still, analysts caution that the rally could be short-lived. ASTER’s large token supply, stiff competition from rivals such as HYPE, and speculative momentum rather than clear fundamental growth could make the token vulnerable to pullbacks once hype fades.
