Binance founder CZ discloses his ASTER purchase of over 2 million tokens, lifting the token price and boosting investor confidence.
The cryptocurrency market saw heightened activity after Binance founder Changpeng Zhao, also known as CZ, announced a personal purchase of ASTER tokens. His statement on X led to a rapid surge in the token’s value, drawing attention from both traders and long-term holders.
CZ Reveals Personal Purchase of ASTER
Recently, CZ disclosed through his official X account that he had bought ASTER tokens using his personal funds. He mentioned that the purchase was made on Binance and that he considered himself a holder rather than a trader. A screenshot shared with the post showed a wallet containing around 2,090,598 ASTER tokens. The image also displayed a trading price of about $0.91 per token at the time of purchase.
Full disclosure. I just bought some Aster today, using my own money, on @Binance.
I am not a trader. I buy and hold. pic.twitter.com/wvmBwaXbKD
— CZ 🔶 BNB (@cz_binance) November 2, 2025
Based on the available information, the purchase was worth around $2 million. CZ compared this move to his early acquisition of BNB during Binance’s first token event several years ago. His statement was interpreted as a sign of long-term confidence in the ASTER project.
The post quickly circulated across the crypto community, which rarely sees CZ make public declarations of personal trades. Within minutes of the announcement, ASTER’s price increased sharply as trading volume spiked across major exchanges.
Market Reaction and Token Performance
Following CZ’s post, ASTER’s price climbed by more than 30%, reaching a two-week high above $1.20. Trading data showed that the token briefly touched $1.30 before stabilizing slightly lower. Prior to the announcement, ASTER had experienced a month-long decline of about 38%, but the news appeared to reverse that trend.
Market observers noted that the price jump reflected renewed buying interest from retail and institutional traders. The strong reaction was linked to CZ’s influence in the crypto industry, as his public support often leads to immediate market movement. Some large traders reportedly adjusted their positions after the announcement, including a wallet that increased its short exposure to 42.97 million ASTER tokens valued at about $52.8 million.
While short-term fluctuations were recorded, ASTER continued trading above $1.20 through the following day. This reflected sustained market interest after CZ’s public disclosure.
Aster Project Developments and Token Supply Update
The announcement from CZ came shortly after Aster’s development team revealed structural updates to its token model. On October 31, the project confirmed changes to its S3 buyback and airdrop structure. Under the revised plan, half of all buybacks from both S2 and S3 stages will be burned, reducing the total token supply.
The remaining half will be redirected to a locked airdrop address. This approach aims to reduce the number of tokens in circulation while allocating future rewards to loyal users and long-term holders. The update was designed to promote supply stability and increase confidence among community members.
Aster’s team had already attracted attention earlier in the year through consistent development updates and liquidity improvements. CZ’s purchase announcement added momentum to these efforts and drew wider awareness to the project. Market analysts noted that the combination of buyback reforms and CZ’s disclosure helped create renewed optimism around ASTER’s outlook.
Â
