Whale, CZ Purchases Drive ASTER Token Rally, $1.1M Gain
In one week, a whale tagged “ThisWillMakeYouLoveAgain” bought 8.41 million ASTER tokens on the CZ-backed Aster DEX, spending $8.14 million at an average price of $0.97. Earlier, on November 4, the investor deposited 4.21 million USDT to acquire 4.6 million ASTER at $0.915. The position now shows $1.1 million in unrealized profit. The same whale previously earned $36.2 million trading PEPE. Binance founder Changpeng Zhao bought 2.09 million ASTER on November 2, a $2 million purchase that triggered a 30% price surge to $1.20 before a brief pullback. ASTER token currently trades at $1.14 (+3.3% 24h, +11% 7d) on a 24h volume exceeding $700 million. Its market cap stands at $2.3 billion, with a circulating supply of about 2 billion tokens. Since launching at $0.02 on September 17, ASTER token has rallied over 10,000%. Recent whale and CZ activity underscore strong market interest and potential bullish momentum for ASTER token amid high volatility.
Bullish
The large purchases by a prominent whale and Binance founder Changpeng Zhao signal strong demand for the ASTER token. Historically, CZ’s endorsements have driven significant price rallies, and the recent 30% spike following his buy underscores positive market sentiment. The surge in trading volume to over $700 million and a market cap exceeding $2.3 billion further confirms high liquidity and interest. In the short term, these transactions are likely to boost buying pressure and maintain upward momentum. Over the long term, sustained whale accumulation and growing on-chain activity on Aster DEX could consolidate ASTER’s token value and attract new investors, reinforcing a bullish outlook despite the token’s inherent volatility.