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CZ Says He Bought ASTER With His Own Money as Token Rallies

The disclosure underscores how one high‑profile post can swing a sentiment‑driven asset that still faces unresolved transparency and supply risks.

Overview

  • CZ posted on X that he purchased Aster on Binance with personal funds and reiterated, “I am not a trader. I buy and hold,” framing it as a personal investment.
  • He shared a screenshot showing roughly 2,090,598 ASTER acquired at about $0.91 per token, and he indicated the buy was not part of any corporate plan.
  • ASTER rose sharply after the post, with Benzinga reporting a 24‑hour gain of about 12% to $1.08, while crypto.news noted an intraday peak near $1.26 before easing.
  • Reported trading activity swelled, with Benzinga citing volume up 852% to $2.53 billion, and derivatives open interest climbed as retail long positions gained share.
  • Crypto.news reported that several whales opened large short positions on Hyperliquid, and analysts pointed to prior data‑integrity questions that could leave the rally vulnerable.