Binance’s co-founder and former CEO, Changpeng Zhao, commonly known as CZ, has reiterated his support for a decentralized exchange focused on perpetual and spot trading. In a recent post, CZ announced that he personally purchased the DEX’s native token, ASTER, using his own funds.
Full disclosure. I just bought some Aster today, using my own money, on @Binance.
I am not a trader. I buy and hold. pic.twitter.com/wvmBwaXbKD
— CZ 🔶 BNB (@cz_binance) November 2, 2025
CZ emphasized his role as a holder rather than a trader, indicating his intention to retain the tokens long-term, a strategy he has previously employed with BNB. The screenshot accompanying his announcement suggests he acquired approximately 2,090,598 ASTER tokens, valued at over $1.9 million at the time of purchase. This announcement had an immediate and significant impact on ASTER’s price, which surged to a new two-week high of $1.30.
Although the asset experienced a slight pullback in the minutes following the announcement, it continued to trade above $1.20, marking a 31% increase since CZ revealed his acquisition. This is not the first time CZ has publicly supported the project. Previously, shortly after the project's launch, he congratulated the team on X (formerly Twitter) and encouraged them to "keep building." At that time, the price of the ASTER token also saw a significant increase, with notable investors, often referred to as whales, reportedly purchasing large quantities of the asset following his comments.