ASTER soars 35%, fueled by CZ’s Direct Investment

Binance CEO Changpeng Zhao (CZ) made headlines after publicly announcing his purchase of ASTER, the decentralized exchange’s native token, using his own funds. This investment is notable as CZ is not known for short-term trading but instead favors long-term holding strategies, similar to his approach with BNB. His recent tweet showing a significant purchase of 2,090,598 ASTER tokens sparked an immediate price surge, reaching a two-week high of $1.30 within minutes. While the price has seen some minor retracement since then, it remains above $1.20 – signifying a 31% pump in value since CZ’s announcement.