- Aster cryptocurrency surged 20% following a purchase by Binance CEO Changpeng Zhao.
- Zhao disclosed buying over 2 million Aster tokens using personal funds for long-term holding.
- Whale investors trading Aster are currently seeing significant profits, with gains of $5.9 million and $1.4 million reported.
- Price forecasts suggest Aster may decline to around $0.78 by early December 2025, indicating short-term bearish sentiment.
- Long-term projections expect a possible rise to $2.24 by November 2026, though market volatility remains a factor.
Binance CEO Changpeng Zhao purchased Aster tokens using his personal funds, leading to a 20% price increase in the cryptocurrency. The announcement was made publicly on the social media platform X, where Zhao confirmed the acquisition of Aster for long-term holding purposes.
Following this disclosure, Aster’s price jumped, reaching approximately $1.19 before settling around the $1 mark. Zhao’s holding consists of more than 2 million Aster tokens. The CEO clarified that he is not trading actively but intends to hold the tokens over time.
Whale trader activity around Aster has intensified, with notable profits. According to LookonChain metrics, two large holders have profited substantially: one up by $5.9 million and another by $1.4 million through short positions on Aster.
According to CoinCodex Aster Stats, the token may experience a short-term price correction. It is expected to stabilize near $0.78 by early December 2025. Technical indicators currently suggest a bearish market sentiment, with the Fear & Greed Index showing a score of 42 (Fear). Aster experienced 37% green days and a 26.5% price volatility over the past month.
Looking further ahead, CoinCodex’s forecast anticipates a bullish rebound by late 2026, with prices potentially reaching $2.24 by November 3, 2026. Despite this projection, Aster’s market remains volatile, requiring cautious consideration by investors.
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