CZ’s Aster Buy: Is This Crypto Magic? 🪄

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Ah, yes. The esteemed Changpeng Zhao – CZ, as the uninitiated call him – deigned to reveal, on the second of November, a trifling matter of personal indulgence. He’d acquired a quantity of Aster’s native tokens, ASTER, using… his own funds. Imagine the audacity! 💸

A stir, naturally, erupted amongst the huddled masses of the crypto community. CZ rarely bothers to announce such pedestrian transactions. It’s not as if he’s a common trader, you understand. No, no. It’s… different when he does it. Like a Tsar choosing to buy a pickle.

Binance Founder Gambles a Mere $2 Million on Aster

A screenshot – proof, as if any were needed of the man’s magnificence – shows he bought the tokens “at market,” a rather vulgar term, don’t you think?, for around 91 cents apiece. A glance at his digital wallet revealed a hoard of approximately 2.09 million ASTER. A pittance, really, valued at around $2 million. One wonders if he had to check his accounts first.

Full disclosure. I just bought some Aster today, using my own money, on @Binance.

I am not a trader. I buy and hold.

CZ, in a moment of startling self-comparison, hinted that this was akin to his early foray into BNB tokens. A clear signal, he implied, of long-term faith. As if one needs a crypto baron to tell one what to believe. It’s not like he controls a substantial portion of the market, is it? 🤔

The Aster market, predictably, went into a delightful frenzy.

Within moments of the pronouncement, ASTER surged nearly 30%, breaching a recent peak of $1.17. A dramatic reversal, one might say, for a token previously languishing in a 38% decline. A mere trickle of confidence from on high can move mountains, or at least, obscure digital assets.

The price increase, of course, was driven by renewed faith. And, naturally, the overwhelming psychological impact of CZ’s blessing. Who are we to question the wisdom of kings?

Interestingly, this coincided with some adjustments from the Aster team themselves. Refinements to their S3 buyback and airdrop scheme arrived on October 31st.

Now, 50% of buybacks from S2 and S3 are to be incinerated, a rather dramatic solution to supply management. The remaining half will return to a locked airdrop address, because why not complicate things further? It’s all terribly sophisticated, you see.

Will CZ Begin Hoarding Tokens Like a Digital Dragon?

A knowledgeable observer, AB Kuai Dong, mused that personal, on-chain purchases like these are… unusual for CZ.

He pondered whether our benevolent leader might extend his affections to other projects within the BNB Chain universe. After all, $2 million is hardly a dent in his fortune. Perhaps he feels a philanthropic urge to uplift the entire ecosystem. A most noble thought! 😇

“[Zhao] is currently already the third most influential person on Twitter, and every public action he takes affects market sentiment,” the analyst noted.

Precisely. CZ is, undeniably, a significant force in the BNB Chain’s revival.

So, should he continue accumulating assets tied to the Chain, it might solidify its reputation. And naturally, lure in more eager investors. All quite predictable, really. Although, one can’t help but wonder what other tokens will catch his eye. Perhaps Dogecoin? 🐶 One can only dream.

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2025-11-02 19:47