Overview
- Changpeng Zhao said he bought Aster with his own funds and disclosed roughly 2.09 million tokens in recent purchases worth over $2 million, adding that he intends to hold while cautioning traders about market timing.
- The token spiked from about $0.91 to above $1.20 after Zhao’s Nov. 2 post, then retraced to the $0.83–$0.93 area before rebounding on Nov. 5 to trade back over $1 with double‑digit intraday gains.
- Reported 24‑hour trading volume reached roughly $1.5–$1.56 billion as buyers tried to defend the psychological level during a broader crypto sell‑off and heavy liquidations.
- Short‑term technical views point to resistance near $1.55 with a possible run toward $2 if $1 holds, while one commentator suggested a breakout could extend to around $2.80.
- Data scrutiny remains in focus after DeFiLlama’s founder temporarily removed Aster metrics earlier this year before restoring them following new monitoring tools, as some reports now cite more than $70 billion in seven‑day transactions.