DEX token ASTER surged as Binance founder Changpeng Zhao (CZ) purchased 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 cryptoโs most influential figures, and ASTER climbed nearly 20% in response.
The underlying project behind ASTER is a rebranded derivative platform that merged from older tokens (including APX) and relaunched with a token-generation event in September 2025. ASTERโs max 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 offering perpetuals and spot trading across multiple chains, with features like hidden orders and high leverage.
CZโs public endorsement โ where he described ASTERโs launch as a โstrong startโ โ added fuel to the rally. On-chain data cited by analysts show ASTERโs wallet amassed large sums of USDT and became one of the largest on BNB Chain outside of Binance itself.
Although the jump is real, the risk of retreat is equally tangible. High token supply, intense competition (especially from rivals like HYPE), and a narrative-heavy boost rather than clear, sustained fundamental breakthroughs mean traders should remain vigilant of price spikes.
