Overview
- CZ disclosed on Nov. 2 that he personally bought 2,090,598 ASTER on Binance and described the move as buy-and-hold.
- ASTER jumped more than 30% to roughly $1.26 within hours of the disclosure as 24-hour volume swelled from about $224 million to over $2 billion.
- Large traders quickly took the other side, with one wallet shorting 42.97 million ASTER (about $52.8 million) at a liquidation price near $2.09 and combined shorts across two wallets topping $51 million.
- The move reversed by Nov. 4, with ASTER down more than 20% and back below $0.90, leaving the so‑called Anti‑CZ Whale with over $21 million in unrealized profit on ASTER shorts and near $100 million across broader positions, according to platform data.
- Data concerns and supply pressures continue to cloud sentiment, as DefiLlama previously flagged unverifiable perp volumes and Aster’s TVL has fallen to about $1.47 billion from early October alongside ongoing token unlock and distribution risks.