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Whales have been steadily accumulating Aster (ASTER), with large holders purchasing more than $48 million worth of the token in just the past 24 hours.<\/p>\n
The project has also gained backing from prominent figures in the crypto space, including former Binance CEO Changpeng Zhao (CZ).<\/p>\n
On-chain analytics platform Lookonchain shared<\/a> via X that a mystery whale purchased 24 million ASTER valued at about $46.56 million. Address 0xFB3B deposited 73.95 million USDT to Gateio before later withdrawing the tokens. Another major holder, 0x5e30, spent <\/a>1,090 BNB ($1.11 million) to acquire 549,194 tokens at roughly $2.02 in a single transaction. That same day, 0x8bcd invested 1.188 million USDT to secure 595,580 units priced at $1.995 each.<\/p>\n Even seasoned traders are joining the trend, with James Wynn earning $8,032.5 in referral rewards while taking a long position on ASTER and shorting HYPE.<\/p>\n Aster, a decentralized exchange that offers spot and perpetuals trading, has quickly become one of the most talked-about projects in the DeFi space. Since its token generation event (TGE) in September 2025, the cryptocurrency has increased<\/a> in value by more than 1,500%. CoinGecko data shows that its price remains up by over 240% in the past month and 22% in the last 24 hours at the time of writing.<\/p>\n A major turning point in ASTER\u2019s price trajectory came after Binance founder CZ publicly congratulated the project on X, saying<\/a>, \u201cWell done! Good start. Keep building!\u201d<\/p>\n The endorsement from one of crypto\u2019s most influential figures sparked a wave of buying that sent the token soaring.<\/p>\n The reaction from the community was immediate, with some speculating that Zhao could be involved behind the scenes as part of a strategic response to Hyperliquid\u2019s growing presence in the perpetuals DEX market.<\/p>\n Some X users also theorized that Aster was his reentry into high-profile crypto ventures. The rumors grew stronger after its token debut, pushing its total value locked (TVL) to nearly $2 billion, before settling at about $655 million.<\/p>\n The Hyperliquid competitor is backed by YZi Labs, a venture capital firm founded by CZ, formerly known as Binance Labs.<\/p>\n A BNB Chain representative has since confirmed that it received investment and support through their incubation program. Meanwhile, as of September 24, Aster has surpassed Hyperliquid in 24-hour revenue, posting $7.12 million compared to its counterpart\u2019s $2.79 million.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nCZ Boost Sends ASTER Soaring, Surpassing Hyperliquid in Revenue<\/h2>\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n