ASTER Crypto Surges 30% Following Major Purchase by Changpeng Zhao — Is His Influence Driving the Rally?

Jakarta, Pintu News – Binance founder Changpeng Zhao revealed on Nov. 2 that he had purchased a number of crypto Aster native tokens, namely ASTER, using his personal funds.

This move immediately caught the attention of the crypto community, as Zhao – widely known by the nickname “CZ” – rarely publicly announces token purchases. So, how did ASTER’s price move today?

ASTER Crypto Price Up 30.74% in 24 Hours

On November 3, 2025, the price of ASTER crypto was recorded at around Rp20,881, an increase of 30.74% in the last 24 hours. Throughout this period, ASTER crypto had touched its lowest level at IDR15,131, and its highest level at IDR21,213.

As of writing, ASTER’s market capitalization now stands at around IDR 37.54 trillion, with daily trading volume skyrocketing 887% to IDR 36.93 trillion in the last 24 hours.

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Binance Founder Bets $2 Million on Aster Crypto

Based on the screenshot shared, Zhao purchased ASTER assets “at the market price” of approximately $0.91 per token. The wallet shown shows a balance of approximately 2.09 million ASTER tokens, which is worth approximately $2 million based on the current exchange rate.

Zhao also compared this purchase to his acquisition of BNB during Binance’s first token launch event eight years ago. This comparison hints at long-term conviction, rather than mere speculation.

Zhao’s revelation immediately excited the Aster crypto market. Within minutes of the announcement, ASTER’s price surged by almost 30%, hitting a multi-week high of $1.17. This was a sharp reversal for the token, which had previously dropped more than 38% in the past month.

This price spike reflects the return of investor confidence in the project. It also highlights the psychological impact of Zhao’s endorsement, which is often considered a strong signal by both retail traders and institutional observers.

Meanwhile, the moment also coincided with new structural updates from the Aster team. On October 31, the project announced enhancements to the S3 buyback and airdrop model.

Under the new structure, 50% of all buybacks from phases S2 and S3 will be burned, reducing total supply and supporting long-term price stability.

The remaining 50% will be returned to the locked airdrop address, aiming to reduce the circulating supply while saving future allocations for loyal users and long-term holders.

Will Zhao Buy Tokens from Other BNB Chain Projects?

AB crypto analyst Kuai Dong noted that this was one of the few rare moments where Zhao personally bought tokens on-chain.

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He questioned whether the Binance founder would expand his investment to other projects in the BNB Chain ecosystem, given that ASTER’s purchase value of $2 million is small compared to Zhao’s reportedly vast wealth.

“[Zhao] is now the third most influential person on Twitter, and every public action he takes has an impact on market sentiment,” said the analyst.

Indeed, Zhao has played a central role in the revival of the BNB Chain ecosystem.

Therefore, if he continues to accumulate assets connected to BNB Chain infrastructure projects, his actions could further strengthen the credibility of the network. This in turn could attract new capital and increase investor confidence in the ecosystem.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Aster Jumps 30% After Binance’s CZ Discloses Personal Purchase. Accessed on November 3, 2025
• Cryptopotato. ASTER Explodes by 35% as Binance’s CZ Announces New Purchase. Accessed on November 3, 2025