ASTER price up by over 11% after Binance’s CZ support

Key points

  • On November 2nd, CZ said he bought ASTER via Binance.
  • Despite the volatility in the market, ASTER is up by over 11% in 24 hours.
Rada Mateescu

Aster DEX’s token, ASTER, is trading in the green today, despite the general market’s volatility. ASTER price pumped significantly on November 2nd, after Binance’s founder, CZ, announced that he bought the token via Binance.

CZ Bought ASTER With No Selling Plans

Yesterday, CZ shared a post via X, announcing that he bought ASTER using his own money via Binance, with no apparent signs of planning to sell. In his announcement, he said that he’s not a trader and he only buys and holds.

According to his post, CZ bought ASTER at an average price of over $0.91.

CZ made more ASTER purchases at 21:31 on November 2nd, totalling almost 610 ASTER tokens, as shown in the screenshot he shared, worth almost $653 at today’s prices.

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Today, November 3rd, CZ highlighted that it’s a decentralized world, and anyone can short, long, or hold Aster.

Binance’s founder also said that he bought some BNB in the first month of its TGE back in 2017, and he held all his tokens, except for spending.

Following CZ’s announcement, ASTER price pumped significantly yesterday, and it continues to trade in the green despite the market volatilty.

ASTER Price Trajectory

On November 2nd, ASTER was trading at approximately $0.91 before CZ made the announcement via X, and the token’s price surged above $1.2 immediately after. The token continued to surge, hitting $1.25 before settling at its current price levels.

At the moment of writing this article, ASTER is trading at $1.07 with a market cap of over $2.15 billion, up by more than 11% in the past 24 hours.

ASTER price in USD today
ASTER price in USD today

The 24-hour volume of ASTER is $2.64 billion, by more than 1,110%.

ASTER reached its ATH on September 24 at $2.42, and, with CZ’s support, Aster DEX‘s token could continue on its ascendant trajectory, potentially reaching new ATHs soon.

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Romanian journalist turned Bitcoin advocate since 2017, promoting financial freedom and principled innovation - learn, adapt, build, defend truth. Embracing the future without compromising human values. Featured in Bloomberg, backed by Bitcoin ecosystem leaders, building on crypto.ro.