CZ Debunks ASTER Sell Rumor with On-Chain Analysis

Published: 2025-10-31 04:04:24 |

Binance founder Changpeng Zhao (CZ) has officially debunked the ASTER sell rumor that claimed he offloaded 35 million ASTER tokens worth over $30 million. On-chain analysis by EmberCN and expert YuJin confirmed these transfers were internal movements between Binance hot wallets, not a personal sale by CZ. Misleading screenshots had wrongly tagged wallet 0x889 as CZ’s address, fueling panic among traders. This clarification underscores the need for crypto traders to verify ASTER on-chain data via block explorers and ignore unverified ASTER sell rumors. Relying on accurate wallet analysis and official announcements can prevent panic selling and protect market stability.

Neutral

Short-term, CZ’s public debunking of the ASTER sell rumor is likely to neutralize sell pressure and stabilize ASTER’s market price by quelling panic. By exposing the transactions as internal Binance wallet transfers, the clarification may reverse any immediate downward moves. In the long-term, this event reinforces the importance of on-chain verification, potentially boosting trader confidence in ASTER’s transparency and reducing the impact of future rumors. As a result, market behavior should remain measured, with volatility contained by informed trading decisions.