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Changpeng Zhao (CZ), the founder of Binance, revealed on X that he acquired more than $2 million worth of the DEX token ASTER, which has sparked speculative interest.
On Sunday, CZ shared that he purchased the Aster protocol’s token using his personal funds on Binance. “I am not a trader. I buy and hold,” he stated.
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
On-chain analytics indicate that ASTER’s wallet has accumulated significant amounts of USDT, making it one of the largest on the BNB Chain. Additionally, according to LookOnChain, two large investors have increased their short positions in the asset.
“Both whales shorting ASTER are currently in profit —0x9eec9 is up $5.9 million, while 0xbadb is up $1.4 million,” Lookonchain reported.
Both whales shorting $ASTER are currently in profit —
0x9eec9 is up $5.9M, while 0xbadb is up $1.4M.https://t.co/KMir3v6Slwhttps://t.co/56qZmvzxsn pic.twitter.com/SMPUHtPLAq— Lookonchain (@lookonchain) November 3, 2025
In a separate development, a whale withdrew $5.58 million worth of ASTER tokens from Binance, as reported by Onchain Lens. “Over the past 6 days, it has withdrawn 6.8M $ASTER, valued at $6.66M, from Binance,” it noted.
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ASTER Token Rises 20% After Recent Decline
Aster (ASTER) is among the most prominent Web 3.0 projects currently available. It provides on-chain spot and perpetual futures trading with leverage up to 1001x and hidden orders.
The DEX token experienced an 11% decline last month, with Aster’s total value locked (TVL) decreasing by nearly 25% since October 10.
Research indicates that the DEX’s rapid success can be attributed to Changpeng Zhao’s support. The influential crypto billionaire tweeted “keep building,” sharing an image of the Aster platform last month.
Following CZ’s recent acquisition of the protocol’s native token, ASTER rose from $0.91 on Sunday to a high of $1.26, according to CoinMarketCap data. At the time of this report, the token was trading at $1.
CZ’s latest purchase follows weeks after US President Donald Trump granted him a pardon after Zhao’s efforts to support the Trump family’s crypto venture.
Zhao admitted guilt in November 2023 for not maintaining an effective anti-money laundering program at Binance.
The post DEX token ASTER Jumps 20% After 2M Token Purchase From Pardoned Binance Founder CZ appeared first on Cryptonews.
