Binance founder Changpeng Zhao (CZ) announced that he personally bought about 2.09 million Aster (ASTER) tokens worth around $2 million, marking one of his rare public token purchases.
The disclosure immediately drove a 30% rally in ASTER’s price, pushing it to $1.17 — its highest level in weeks — and boosted confidence across the BNB Chain ecosystem.
💡 Key Insights
$2M Personal Buy: CZ confirmed his purchase at around $0.91, saying it’s a long-term hold, not a trade.
30% Price Surge: ASTER jumped within hours, reversing a month-long downtrend.
Ecosystem Signal: Analysts say CZ’s move could mark a new accumulation phase for BNB-linked tokens.
Token Burn Update: Aster’s new model now burns 50% of buybacks and locks the rest for long-term holders.
Whale Shorts: Despite the rally, about $71M in short positions were opened against ASTER, suggesting volatility ahead.
📊 Price Action
After CZ’s announcement, ASTER spiked from $0.91 to $1.17, before stabilizing near $1.05.
Support: $0.90 — close to CZ’s entry level and heavy buy zone.
Resistance: $1.20–$1.25 — key area for breakout confirmation.
Next Target: Above $1.25, price could push toward $1.45–$1.50.
⚠️ Risks to Watch
High Leverage: Large short positions could spark quick corrections or squeezes.
Rumors: False reports of CZ selling already caused confusion.
Ecosystem Ties: Aster’s momentum depends on BNB Chain performance and market sentiment.
🧠 Trader Takeaway
CZ’s public buy is a confidence boost for Aster and the BNB Chain.
Short-Term: Watch for volatility between $0.95–$1.25.
Medium-Term: Holding above $1.00 suggests healthy accumulation.
Long-Term: If more BNB projects see founder-level participation, Aster could become a core BNB ecosystem token.