CZ's DEX Promotion and Major Investor Purchases Propel ASTER to New Heights
- ASTER, endorsed by Binance founder CZ, surged 2345% in a month, surpassing Bitcoin and Dogecoin amid whale-driven accumulation. - Institutional investors, including Galaxy Digital, bought $270M in ASTER, signaling confidence in its DEX-focused growth strategy. - CZ's advocacy for decentralized exchanges and ASTER's BNB Chain integration amplified its visibility and market momentum. - The token's rise coincides with BNB's record high and speculation about CZ's potential return to Binance leadership. - Sus
Aster (ASTER), a decentralized exchange token backed by Binance founder Changpeng Zhao (CZ), has soared by 2345% in the last month, surpassing the performance of leading cryptocurrencies such as
Large-scale investors have played a major role in ASTER’s price surge. Data from Lookonchain shows that two whale wallets, one of which is associated with Galaxy Digital, have acquired a total of 118.25 million ASTER tokens—worth $270 million—over the past week. This level of institutional buying signals strong belief in the project’s future. The token’s rapid rise has also fueled conversations about its connection to CZ’s recent vocal support for decentralized exchanges (DEXs).
CZ’s backing seems to be a driving force behind ASTER’s momentum. The Binance founder has emphasized the growing importance of DEXs in the crypto landscape, noting that “more participants will accelerate market expansion.” ASTER’s integration with the
ASTER’s price trend remains strong. Although the token has pulled back slightly from its $2.42 high to $2.11 at the time of reporting, it continues to outperform both Bitcoin and Dogecoin, which have experienced more moderate increases. Experts attribute this strength to a mix of CZ’s support, whale accumulation, and the ongoing narrative surrounding decentralized finance (DeFi) progress. The token’s trajectory underscores rising investor interest in projects tied to the Binance ecosystem, especially as the exchange adapts to new regulatory conditions following recent settlements.
ASTER’s rally also mirrors wider market trends. With Binance’s own token, BNB, reaching an all-time high of $962, there is renewed enthusiasm for the exchange’s ecosystem. CZ’s recent change of his profile from “ex-binance” to “binance” has sparked rumors about a possible return to the company, though nothing has been confirmed. Nevertheless, the collaboration between BNB Chain and ASTER demonstrates how Binance’s network continues to add value to related projects.
Analysts point out that ASTER’s continued success will depend on its ability to maintain its current momentum and broaden its applications beyond trading. While its price surge has drawn significant attention, long-term growth will rely on fulfilling its decentralized exchange ambitions. For now, the impact of CZ’s endorsement remains strong, highlighting his influence in shaping sentiment and prospects within the crypto market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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