Binance founder CZ bought over $2 million ASTER tokens, sparking speculative demand. He stated he does not trade but buys and holds. ASTER’s wallet gained large USDT sums, attracting whales who increased their short positions. Two whales are currently in profit, with one up $5.9 million.

A whale withdrew $5.58 million worth of ASTER tokens from Binance. ASTER saw an 11% price drop last month, with TVL decreasing by 25% since October 10. CZ’s endorsement of Aster’s platform last month contributed to its rapid success.

CZ’s recent purchase of ASTER tokens led to a surge in price, from $0.91 to $1.26. This comes after Trump pardoned him and Zhao pleaded guilty in November 2023 for failing to maintain an effective AML program at Binance. ASTER’s current trading price is $1.

Read more at Yahoo Finance: DEX token ASTER Jumps 20% After 2M Token Purchase From Pardoned Binance Founder CZ