Aster Jumps 30% After Binance’s CZ Discloses Personal Purchase
ASTER tokens surged nearly 30% after Binance founder CZ publicly announced his personal purchase of the asset.Summary
Binance founder Changpeng Zhao (CZ) disclosed on November 2 that he personally purchased an undisclosed amount of Aster's native token, ASTER, on Binance, valued at approximately $2 million (around 2.09 million ASTER at $0.91 per token).
This announcement caused the ASTER token price to surge nearly 30% to a multi-week high of $1.17, reversing a recent 38% decline. Zhao compared the move to his early acquisition of BNB, signaling long-term conviction. The rally also coincided with Aster team updates, including a new structure where 50% of S3 buybacks will be burned to reduce supply.
Analysts noted the significant market impact of Zhao's public actions and speculated whether he might increase his exposure to other BNB Chain projects, given his influential role in the ecosystem's resurgence.
(Source：BeInCrypto)