ASTER Token Rallies 20% After CZ’s $2M Buy Amid Whale Moves
Following Binance CEO Changpeng Zhao’s $2 million ASTER purchase on November 2, 2025, ASTER surged about 20%, briefly peaking at a 35% gain. On-chain data show the ASTER wallet amassed significant USDT reserves, ranking among the largest on BNB Chain. Two whales boosted short positions ahead of the rally, netting $5.9M and $1.4M, while another whale withdrew 6.8M ASTER (≈$6.66M) from Binance over six days. ASTER’s price climbed from $0.91 to $1.26 before settling near $1.00. Despite a 25% TVL decline last month and ongoing token unlock and wash‐trading concerns, CZ’s “buy and hold” endorsement, combined with planned buyback-and-burns, has fueled renewed speculative demand for the Web3 DEX token, which offers spot and perpetual futures with up to 1001x leverage.
Bullish
CZ’s high‐profile $2M ASTER purchase triggered a rapid 20–35% price jump, drawing renewed trading volume and speculative interest. On-chain whale actions—significant USDT reserves, profitable short positions and token withdrawals—underscore active demand, while planned buyback-and-burns and CZ’s “buy and hold” endorsement bolster confidence. Despite TVL declines and tokenomics risks, the DEX’s spot and perpetual futures offerings support continued bullish momentum for ASTER.