The Aster crypto token rallied by more than 30% after Binance co-founder Changpeng “CZ” Zhao revealed his personal investment in the project. In a post on X (formerly Twitter), CZ Binance shared a screenshot of his wallet showing he holds over 2 million Aster tokens, worth roughly $2.5 million. He clarified that he bought the tokens “using my own money on Binance” and added, “I am not a trader. I buy and hold.”
Full disclosure. I just bought some Aster today, using my own money, on @Binance.
I am not a trader. I buy and hold. pic.twitter.com/wvmBwaXbKD
— CZ 🔶 BNB (@cz_binance) November 2, 2025
The statement instantly boosted investor confidence. Within hours, Aster’s price jumped from $0.91 to $1.26, according to CoinGecko. As of the latest update, it was trading near $1.22, holding most of its gains.
Also read: Aster Price Prediction 2025
Traders Follow CZ’s Lead
CZ’s post triggered a wave of buying across major exchanges. According to DefiLlama, Aster’s trading volume skyrocketed from $224 million to over $2 billion within 24 hours, while its market capitalization rose from $1.8 billion to $2.5 billion.
Prominent traders echoed the excitement. One trader known as “Gold” on X said they opened a position in Aster coin immediately after CZ’s post, noting it was the first time CZ publicly disclosed buying a token other than BNB.
“CZ, the most influential figure in crypto, just bought Aster with personal funds. That’s it. Don’t overthink it,” the trader wrote.
CZ later joked about the rally, saying, “Damn, I was hoping to buy some more at low prices.” He also reminded followers that his last major token purchase was BNB nearly eight years ago, which he still holds.
Whales Bet Against the Rally
Not everyone is bullish on Aster app and its rapid rise. Data from Lookonchain shows that two major whales opened large short positions, betting that the price will correct soon.
One trader shorted 42.97 million Aster tokens (≈$52.8M) with a liquidation price near $2, while another opened a $19.1M short at $2.11. These positions suggest some expect Aster crypto’s CZ-driven rally to fade once the hype cools down.
CZ’s Link to Aster Crypto
This isn’t CZ’s first association with the Aster project. In September, he congratulated the team on X, encouraging them to “keep building.” Aster’s origins trace back to a merger between Astherus and APX Finance in late 2024. CZ’s family office, YZi Labs (formerly Binance Labs), was an early investor in Astherus prior to the merger.
BNB Chain representatives later confirmed that both BNB Chain and YZi Labs supported Aster’s early development, though they did not specify whether CZ Binance was directly involved.
Market Outlook
The Aster crypto rally highlights how influential figures like CZ Binance can sway short-term market sentiment.
While traders remain optimistic about his personal $2.5M bet, analysts warn that Aster’s long-term success depends on continued real-world utility, developer growth, and sustained network adoption.
If the project continues to build strong fundamentals, the Aster app could cement itself as one of the most closely watched altcoins of the year.
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