Aster coin surged over 37% after Binance founder Changpeng Zhao (CZ) disclosed a personal $2 million buy on Binance. The market reacted instantly as $ASTER shot up from roughly $0.90 to $1.30 in about 1 hour, then eased back to around $1.05 at press time.
The sudden surge lit up traders’ feeds, fueling excitement among retail buyers while prompting others to question how long momentum built on CZ’s influence alone can last.
Aster Surges 935% in Volume After CZ’s $2M Buy
CZ’s public endorsement is the clear catalyst. In a late-night post, the Binance founder confirmed purchasing 2.09 million ASTER “using my own money” and declared, “I buy and hold.”
Within minutes, ASTER’s 24-hour trading volume exploded 935% to $2.5 billion, briefly flipping its market cap turnover ratio above 120%. The endorsement acted as a magnet for retail inflows, similar to BNB’s early narrative, yet analysts warn against overconfidence.
According to on-chain data from DeFiLlama, the total value locked (TVL) in decentralized finance (DeFi) is currently $1.56 billion, with annualized protocol fees reaching $1.15 billion. This indicates one of the fastest increases in DeFi revenue this quarter.
However, with ASTER’s fully diluted valuation nearing $9 billion, the market may be overheating. The surge in trading activity points to heavy speculative inflows, but with liquidity still catching up to the new volume levels, a short-term profit-taking pullback remains likely.
What’s Next for Aster Coin?
ASTER coin is fighting to stabilize above the $1.00–$1.05 support zone, a critical area overlapping with the 61.8% Fibonacci retracement. Failure to hold there could trigger a slide back toward $0.90, CZ’s reported entry point. Conversely, a clean breakout above $1.15–$1.20 may open the path to retest $1.30, and possibly $1.50, if fresh buyers step in.
Analyst Ardi with over 13k followers on X noted, “ASTER failed its first Fibonacci retest at $1.11 — needs to reclaim $1.15 for bulls to stay in control.” Meanwhile, traders on X have dubbed the move “the CZ Effect,” echoing July’s pattern where a similar endorsement led to a short-lived 38% spike before retracing.
For now, the token’s fate hinges on whether hype transitions into sustained on-chain growth. With DeFi metrics improving and volume still hot, ASTER sits at a delicate crossroads between momentum and correction.
If the Defi coin can hold above $1.10 through early November, confidence may return to both traders and long-term holders. But if volume fades and price slips below $0.95, the post-CZ rally could mirror previous “influencer peaks” that quickly gave up gains once the buzz cooled.
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