The ASTER token rose more than 30% after Binance founder Changpeng Zhao, known as CZ, disclosed that he purchased two million ASTER tokens with personal funds. The price climbed from around $0.90 to over $1.25 within hours, driving a sharp increase in trading volume and investor attention.
Market observers said the purchase signaled renewed confidence in emerging decentralized exchange projects. The move also sparked a wave of speculative buying as traders followed CZ’s lead.
Analysts, however, cautioned that ASTER’s long-term performance will depend on broader market sentiment and the project’s ability to build sustainable use cases beyond short-term hype.
