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10h ago

CZ Denies $30 Million ASTER Sale as On-Chain Analysts Cite Binance Wallet Mix-Up

On-chain investigators identified the cited transfers as Binance hot‑wallet movements rather than a personal sale.

Overview

  • Changpeng Zhao called the circulating claim that he sold 35 million ASTER tokens “fake news” and urged followers to ignore it.
  • Blockchain analyst EmberCN reported no corresponding sales tied to CZ and said the referenced activity reflected transfers between Binance hot wallets, including a wallet ending in 0x889.
  • Lookonchain and analyst @ai_9684xtpa supported the debunk, stating the screenshots were manipulated and that the address 0x889…2D4E3 is publicly verified as Binance-controlled.
  • The allegation originated from X user @FarzadXBT, who posted images asserting a $30.42 million ASTER sale linked to CZ that analysts later disputed.
  • ASTER traded around $0.9379, down 8.81% over 24 hours per CoinMarketCap data, highlighting the token’s sensitivity to viral posts following its volatile launch in September.