Aster Soars 30% Following CZ's $2M Personal Investment

The native token of the decentralized perpetuals exchange Aster (ASTER) experienced a significant increase of over 30% after Binance CEO Changpeng "CZ" Zhao announced a personal investment exceeding $2 million in the asset. This announcement accelerated Aster's price from $0.91 to over $1.20 within an hour, reflecting investor optimism.

Key Takeaways

CZ disclosed a personal investment of over $2 million in Aster (ASTER).
Aster's price surged from $0.91 to above $1.20 after the announcement.
The crypto market reacted positively, with BNB also seeing gains of over 5%.
Aster is gaining traction among decentralized perpetual exchanges, with reported trading volumes exceeding $70 billion.
Questions remain about the reliability of trading volume data for Aster.

Binance CEO, Changpeng Zhao (CZ)

Immediate Market Response

The crypto market acted quickly following CZ’s revelation about his investment in Aster. The token's price rose to $1.07 shortly after the announcement, indicating strong market interest. Concurrently, BNB, Binance's native token, climbed by over 5% to reach $1,123, reflecting a surge of optimism among assets associated with Zhao.

Aster price chart CoinMarketCap

Aster's Growth in a Flourishing Sector

Aster has captured significant attention among decentralized perpetual exchanges, an area that is witnessing robust growth in 2025. According to data from DefiLlama, the platform executed over $70 billion in trades in the past week, surpassing competitors like Hyperliquid. However, some market analysts raised concerns about the reliability of these trading volume figures. 0xngmi, the anonymous leader of DefiLlama, temporarily withdrew Aster’s trading data due to verification challenges but later reapproved it while working on a new validation process for perpetual exchange data.

CZ’s Influence and Recent Controversies

Aster is supported by YZi Labs, a family office managed by Changpeng Zhao, connecting him to the project both financially and reputationally. His recent endorsement of Aster, especially after overcoming heavy legal challenges, has greatly influenced market perceptions. Zhao resigned as CEO of Binance after admitting to violations of U.S. banking regulations, serving four months in prison. Following his release, he received a presidential pardon from Donald Trump on October 23, 2025, as reported by The Crypto Basic.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. The opinions expressed herein are those of the author and do not necessarily reflect the views of The Crypto Basic. Readers should conduct their own thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses.