The DEX token ASTER surged when Binance founder Changpeng Zhao (CZ) purchased around 2 million of them, sending a wave of speculative demand into the market.
Investors interpreted the purchase as a signal of confidence from one of crypto’s most influential figures, and ASTER soared nearly 20% in response.
The underlying project behind ASTER is a renamed spinoff platform that merged older tokens (including APX) and relaunched with a token generation event in September 2025. ASTER’s maximum supply is 8 billion tokens, with more than half allocated for community incentives such as airdrops and strategic distribution.
The platform bills itself as a decentralized hybrid exchange offering perpetual and spot trading across multiple chains, with features such as hidden orders and high leverage.
Public support from CZ – where he described the ASTER launch as a “good start” – fueled the rally. On-chain data cited by analysts shows that ASTER’s wallet has amassed large sums of USDT and become one of the largest on the BNB chain outside of Binance itself.
Even if the jump is real, the risk of falling back is just as tangible. A high token supply, intense competition (especially from rivals like HYPE), and narrative push rather than clear and sustainable fundamental advances mean traders must remain vigilant against price surges.
