CZ Reinforces Price floor for Aster: Can $2M CZ Crypto Investment Propel $2 ASTER Value in November?

Changpeng ‘CZ’ Zhao, the founder of Binance, ignited excitement in the crypto market over the weekend by announcing his personal investment in the ASTER digital currency, which resulted in a significant rally for the underperforming asset.

CZ announced on X that he had acquired 2,090,598.14 ASTER tokens, valued at about $2 million, purchasing them at an average cost of $0.91 each. He mentioned, “I bought some ASTER on Binance today with my own funds. I’m not engaging in trading; I bought them and intend to hodl.”

Following CZ’s news, the price of ASTER skyrocketed, climbing from approximately $0.90 to $1.25, reflecting a rise of nearly 35%. It has since stabilized and is now trading around $1.07.

CZ Sparks Social Media Buzz with ASTER Purchase News

CZ’s post on X on Sunday (November 2) created a frenzy on social media. Within an hour, the ASTER token had skyrocketed more than 35%, momentarily reaching $1.25 after beginning the day near $0.91. The post also led to increased buying activity on Binance and other exchanges, with trading volumes soaring to $2.5Bn.

A user responded to CZ’s news with a screenshot of the rising ASTER chart, captioning it “CZ Candle” accompanied by a laughing emoji.

Zhao replied, saying, “damn, I was hoping to buy some more at lower prices…”, indicating that his ASTER buying could continue. This marks one of the rare occasions when the Binance founder has publicly revealed a crypto asset acquisition.

This sentiment was reiterated by CZ himself, who has previously discussed accumulating and retaining BTC over the years. He generated excitement within the ASTER community by comparing this acquisition to his initial investments in BNB. He remarked, “I bought some #BNB in its first month during TGE 8 years ago, and I have kept all of it (except for expenditures).”

Full disclosure. I just bought some Aster today, using my own money, on @Binance.

I am not a crypto holder. I buy and long-term holding. pic.twitter.com/wvmBwaXbKD

— CZ BNB (@cz_binance) November 2, 2025

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ASTER’s Recent Surge Fueled by Enhanced Tokenomics and Buybacks

The recent surge of Aster was bolstered by updates to its tokenomics disclosed just days prior. On October 31, the Aster team announced alterations to its S3 buyback and airdrop model. The revised plan encompasses the following:

Half of all buybacks from both S2 and S3 will be burned, decreasing the total crypto circulating supply. The other half will go to a locked airdrop address, thereby restricting circulating tokens and rewarding long-term holders.

These modifications are designed to promote long-term price stability, despite CZ’s news somewhat overshadowing this development.

Moreover, Aster has recently overtaken Hyperliquid in terms of trading volume, reporting over $70Bn in transactions over the last week. However, these numbers have come under scrutiny. The DefiLlama team briefly removed Aster’s self-reported perpetual volume due to concerns over verification, but the data was ultimately restored.

DefiLlama now displays nearly $282Bn in 30-day perpetual trading volume, compared to $285Bn on Hyperliquid, underscoring the closeness between the two platforms.

(SOURCE: DefiLlama)

Is ASTER Crypto Targeting $2 This November?

After experiencing a 60% drop from its peak of $2.48, the ASTER price has finally started to show recovery signs after remaining below the $1 mark for several weeks. The recent positive price movements have ended a nearly 40-day downward trend.

The ASTER price soared in the days following its launch, reaching a high of $2.48 on September 24, but it has since encountered persistent selling pressure and fear, uncertainty, and doubt (NEGATIVE SENTIMENT) related to insider trading allegations and inaccurate figures.

Throughout its decline, ASTER established the $1.50 horizontal zone as price ceiling and plummeted to a low of $0.85 on October 30. However, the outlook appears brighter for the perpetual DEX coin as it concluded its pessimistic with a 50% price boost, breaking through diagonal barrier level.

(SOURCE: TradingView)

At present, the ASTER price is working to confirm the trend line as support, which is a bullish indicator that could enable the asset to retest the $1.50 price ceiling again.

Momentum indicators validate the price breakout. Throughout this period, the Relative Strength Index (RSI) exceeded 50, and the Moving Average Convergence/Divergence (MACD) transitioned to positive.

With these optimistic signals and CZ’s whale-like investment, ASTER could potentially solidify the trend line as base level and make another attempt to achieve the $1.50 barrier level level. However, for ASTER to surpass $2 once more, it must consistently close above $1.50 on a daily basis.

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The post CZ Doubles-Down on Aster: Will $2M CZ Crypto Bid Fuel $2 ASTER Price in November? appeared first on 99Bitcoins.