Changpeng Zhao (CZ), founder of the cryptocurrency exchange Binance, announced in his post on the X platform today that he purchased the Aster (ASTER) token with his personal funds.
CZ had stated, “I bought some ASTER on Binance today with my own money. I'm not a trader; I bought it and I'll hold it.”
Following CZ's post, the price of ASTER quickly surged significantly. Social media users noted that the token's price had skyrocketed following the news, with CZ responding, “I actually wanted to buy more when the price was low.”
CZ revealed that he holds 2,090,598.14 ASTER tokens in his account, and that the purchase was made at an average price of $0.913. However, when asked whether he actually purchased ASTER at an average price of around $0.90, he replied, “I'm not entirely sure.”
The Binance founder also stated that he purchased BNB early on and that he didn't sell anything except for personal expenses. CZ's statement was interpreted as him also purchasing ASTER tokens for long-term holding.
*This is not investment advice.
