Changpeng Zhao (CZ), CEO of Binance, disclosed his purchase of the Aster (ASTER) token with personal funds on X today. CZ stated he bought ASTER to hold for the long term and clarified he did so at a lower price than initially anticipated. The announcement saw the ASTER price surge significantly, prompting users to observe a correlation between the news and price increase. In response, CZ confirmed his intent to purchase more ASTER during the dip in price. He also revealed that 2,090,598.14 ASTER tokens are held in his account at an average acquisition cost of $0.913. He admitted he’s unsure about the exact average price but remained firm on his long-term holding strategy. CZ’s actions were interpreted as a display of confidence in the project, highlighting his commitment to a longer-term investment approach. **Disclaimer:** This is not financial advice.