DEX token ASTER surged as Binance founder Changpeng Zhao (CZ) bought approximately 2 million of them, sending a wave of speculative demand across the market.
Investors interpreted the purchase as a signal of confidence from one of crypto’s most influential figures, and ASTER surged nearly 20% in response.
The underlying project behind ASTER is a rebranded derivative platform that merged from legacy tokens (including APX) and relaunched with a token generation event in September 2025. ASTER’s maximum supply is 8 billion tokens, with over half allocated to community incentives such as airdrops and strategic distribution.
The platform packages itself as a hybrid decentralized exchange that offers perpetuals and spot trading across multiple chains, with features like hidden orders and high leverage.
CZ’s public support – in which he described ASTER’s launch as a “strong start” – added fuel to the rally. On-chain data cited by analysts shows that ASTER’s wallet accumulated large sums of USDT, becoming one of the largest on the BNB Chain outside of Binance itself.
While the jump is real, the risk of pullback is just as tangible. High token supply, intense competition (especially from rivals like HYPE) and a narrative boost rather than clear, sustained fundamental breakthroughs means traders should remain wary of price increases.
