Aster token absolutely exploded Sunday after Binance founder CZ casually revealed he dropped over $2.5 million of his own money on it. The token ripped from 91 cents all the way up to $1.26 before settling around $1.01 , posting a 30% gain that had traders scrambling.
CZ shared his wallet holdings on X, saying he bought Aster using his own cash on Binance, adding, “I am not a trader. I buy and hold.” That simple post was all it took to send trading volume from $224 million to over $2 billion within 24 hours. The project’s market cap rocketed from $1.8 billion to over $2.5 billion.
Traders rushed to copy CZ’s move, with one user calling it “a rare and significant event” from crypto’s most influential figure. CZ later mentioned he hoped to buy more at lower prices and said he rarely invests in tokens besides Aster and BNB, which he bought eight years ago and still holds.
But not everyone’s bullish. Two whales opened massive short positions betting the rally will reverse, one shorting 43 million tokens worth $52.8 million and another shorting 15.3 million tokens valued at $19.1 million.
Meanwhile, CZ’s lawyer is going after Senator Elizabeth Warren for defamation after she criticized Trump’s pardon of him. Warren’s attorney dismissed it, saying her comments about CZ’s guilty plea were factually accurate.
Conclusion
Aster surged 30% after Binance founder CZ disclosed a $2.5 million personal investment, driving trading volume from $224 million to over $2 billion despite large whale short positions.
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