Aster Jumps 21% After Binance Co-Founder Announces Additional ASTER Purchases

Aster soars 21% after Binance co-founder announces additional purchase, as new buyback-and-burn model ignites optimism among major investors.
Senior Editor

Key Points

Aster jumped over 21% after Binance founder CZ disclosed additional purchase of ASTER tokens.
A whale bought 4.6 million tokens, while another trader made $21 million shorting the same asset.
The token’s rally followed Aster’s new buyback-and-burn model aimed at reducing supply and boosting stability.

Aster (ASTER) surged more than 21% in 24 hours after a major on-chain movement and public interest from Binance founder Changpeng Zhao (CZ). The rally came as a smart whale, known by the alias “ThisWillMakeYouLoveAgain” deposited 4.21 million USDT to acquire 4.6 million ASTER tokens at around $0.915.

Binance’s CZ Embarks on Accumulation Spree

The move followed weeks of price stagnation and marked the token’s strongest recovery since mid-October. The momentum accelerated after CZ announced he had purchased an undisclosed amount of ASTER tokens, bringing his total holdings to 2,090,598 (2.09 million) ASTER, worth roughly $2 million.

He emphasized the buy was from his personal funds and not linked to Binance operations, saying, “I’m not a trader; I bought it and I’ll hold it.” His statement quickly went viral on social media, leading to a rush of retail and algorithmic buying that pushed ASTER to $1.07 within hours.

“Anti-CZ” Trader’s Massive Short Bet and Unrealized Profits

While retail traders piled in, an on-chain whale labeled “Anti-CZ” by the crypto community took the opposite side. The trader, identified by address 0x9eec, opened large short positions on ASTER through the decentralized exchange Hyperliquid immediately after CZ’s post.

According to Lookonchain, the trader has acquired over $21 million in unrealized profit from ASTER shorts alone, alongside open leveraged bets on DOGE, ETH, XRP, and PEPE. Combined, the two wallets connected to the trader show nearly $100 million in total unrealized gains.

Aster’s Buyback Model

Beyond short-term trading, structural updates to Aster’s tokenomics have strengthened investor confidence. The project’s October 31 announcement introduced a revised buyback and airdrop model: half of all S2 and S3 buybacks will now be burned, while the remaining half will be locked for long-term holder rewards.

The supply-reduction mechanism aims to stabilize price growth by reducing the number of tokens in circulation. Although the update was initially overshadowed by CZ’s post, it has since drawn renewed attention from traders citing its deflationary impact.

Aster’s DEX has also reported over $70 billion in trading volume in the past week, surpassing its direct competitor Hyperliquid, though data verification remains under review. 

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Brenda Kanana

Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at CryptoPolitan and Blockchain Reporter.
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Fear & Greed Index

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Extreme Fear

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ASTER
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Market Cap $---.--B
24h Volume $---.--B
Circulating Supply ---.--M
Rank #---
Risk Score ---
7d Change --.--%

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