Changpeng Zhao triggers a record growth of daily trading with Aster token by 852% per day

On Sunday, the Aster token (ASTER) rose sharply after Binance founder says he buys-and-holds-doesn't-trade" >Binance founder Чанпен Чжао" href="https://noworries.news/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao (CZ) announced that he bought it with his own funds. The asset’s value rose by more than 12% over the day, and trading volume increased by 852% to $ 2.53 billion. The entrepreneur’s announcement triggered an immediate increase in demand for the token.

In a post on the social network X, Zhao wrote: «I just bought some Aster using my own money on Binance. I’m not a trader. I buy and hold.» Amid a general decline in the value of major cryptocurrencies, including Bitcoin and Ethereum, Aster has become an exception, showing positive dynamics.

CZ attached a screenshot to his post showing that his account contains 2.09 million Aster tokens. At the time of publication, their value was $ 2.25 million. This shows that the former Binance executive continues to support projects related to the BNB Chain network and believes in their potential.

According to Benzinga Pro, at the time of the announcement, Aster was trading at $ 1.08, while the BNB token was losing 3.83% and costing about $ 1,047. Investors perceived Zhao’s actions as a signal of confidence in Aster, which led to an active growth of interest in the token.

Previously, Zhao has repeatedly expressed his support for Aster and emphasized its importance to the BNB Chain ecosystem. Analysts believe that his latest purchase is another example of how public statements by influential market participants can significantly change investor behavior and the dynamics of digital assets.