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Aster (ASTER) Pumped Higher — Here’s What’s Driving the Move

Aster (ASTER) Pumped Higher — Here’s What’s Driving the Move

CoinsProbeCoinsProbe2025/11/02 22:09
By:Nilesh Hembade

Date: Sun, Nov 02, 2025 | 02:45 PM GMT

The cryptocurrency market saw a sudden burst of excitement today as Aster (ASTER), a decentralized exchange (DEX) token, surged nearly 26% within the last hour, pushing its price to $1.17 and market capitalization to $2.37 billion. The sharp move caught traders’ attention, fueling strong bullish sentiment across the community.

Aster (ASTER) Pumped Higher — Here’s What’s Driving the Move image 0

Here’s What’s Driving the Move

The main catalyst behind Aster’s sudden rally appears to be a public statement from Changpeng Zhao (CZ) — the co-founder and former CEO of Binance. At around 2:33 PM GMT, CZ posted on X (formerly Twitter):

“Full disclosure. I just bought some Aster today, using my own money, on @Binance. I am not a trader. I buy and hold.”

Aster (ASTER) Pumped Higher — Here’s What’s Driving the Move image 1 Source: @cz_binance (X)

According to tweet, Aster was trading near $0.91 when the post went live, meaning the token has already gained over 29% since the announcement.

This isn’t the first time CZ has shown support for Aster. Back in September, he praised the project with a brief message — “Well done! Good start. Keep building!” — which coincided with a massive rally and a temporary spike in total value locked (TVL) above $2 billion.

However, today’s personal investment sends a stronger signal, suggesting long-term confidence rather than short-term hype. The move has reignited optimism within the Aster community, with traders speculating that more major players might take interest following CZ’s endorsement.

As of now, Aster remains one of the top-performing tokens of the day — with market participants watching closely to see whether the bullish momentum can sustain beyond this initial surge.

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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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