CZ Clarifies Binance Has No Official Role in Aster DEX’s Rapid Growth
The cryptocurrency world loves rumors, and these days, many have been circulating about Binance founder Changpeng Zhao, higher often called CZ, and his connection to the Aster DEX. Throughout a latest Twitter Areas session, CZ cleared the air, saying neither he nor Binance formally helps the challenge.
On the identical time, Aster has been making headlines with report buying and selling volumes and rising consideration within the crypto market.
CZ Clearing Up the Confusion
On September 27, 2025, CZ lastly addressed the hypothesis throughout a Twitter Spaces session with the Aster neighborhood that his enterprise agency, YZiLabs, holds a small stake in Aster DEX. Nevertheless, he careworn that neither he nor Binance is formally backing the challenge.
“I don’t have private investments in Aster, and Binance as an organization just isn’t concerned.”
What has fueled confusion, he admitted, is that a couple of former Binance workers are actually a part of Aster’s group.
This delicate connection was sufficient for some available in the market to imagine CZ was deeply tied to the challenge, particularly given Aster’s fast progress. However CZ was agency in saying these assumptions had been exaggerated.
Aster Hit Document Buying and selling Quantity
Regardless of the clarification, Aster’s numbers have been arduous to disregard. The Multichain Perpetuals Change, constructed on the BNB Chain, has shortly risen to the highlight. In simply 24 hours, it clocked an eye-popping $46.9 billion in buying and selling quantity and now sits at a market cap of $3.4 billion.
For a challenge this younger, the expansion has been nothing in need of outstanding.
This type of momentum naturally attracts hypothesis, and linking it to a determine like CZ solely amplified the hype. But, as he reminded listeners, not each fast-growing challenge is secretly backed by Binance.
ASTER Value Evaluation
After leaping 2227% final week, ASTER has cooled off amid the broader crypto market correction. As of now, the Aster token value hit $2.40 however is now consolidating round $1.98.
The worth motion has adopted earlier predictions, rising from backside to high after which pulling again. This exhibits the token is shifting alongside the anticipated path.
In the meantime, ASTER wants to carry help between $2 and $2.2. If it falls under this degree, it might drop towards $1.8, the place shopping for curiosity might improve.
